Donajor8

Bearish on all yen

Donajor8 Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Here again we have the classic manipulation of forex.
An signal bar., what is it?
Is a notification that the market is changing sediment and
And usually after a nice signal bar the market attempt to continue trend only to fail
And leaving a entry bar
As here we have a signal by a bear candle that was brought up but made no high
Followed by a string trend bar that made a high but was immediately retraced back below the signal bar opening and closed below it!
Comment:
As I say most breakout fails a entry bar is usually made after a breakout failure especially during a trend continuation as present as a second leg trap. This is classic stop hunt methodology that is repetitiv. Learn it
Gl
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