After drifting few days GBPJPY formed a Bulish DBar on 4 hours chart.
There are
- a nice angle between the price and red alligator's line;
- Momentum was still down on that bar;
- Acceleration however was slowing decline and turned into up direction;
- Price failed to break down the channel's bottom;
Because the move is too steep and fast stop loss might be tighten, but this depends on the style of trading everyone has.
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