(trade completed) week49 SGDJPY D1 shorting from resistance confluence

D1

shorting this chart from the top of a bearflag and trendline resistance. More position awaits upon a stronger bulltrap flush.

week49 SGDJPY D1 resistance confluence 071215

 

edited 091215

power bearish day registered.  2 months high flushed as well, thus validating the resistance confluence. More shorting awaits at the next consolidation.

 

edited 121215

Since the resistance confluence, price moved down hard. In summary, trading is at highest probability when done from confluences.

week49 SGDJPY D1 resistance confluence top 121215

 

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