GBPJPY 22 Feb '17

Just after London open (green line) GJ 5 min 3 bar reversal signaled buy (GU agreed chart not shown). So on the 5 min charts there was a valid buy set up.

I have often talked about moving average angle and separation. Here the 1 min chart red arrow up shows the next higher low/double bottom after the 5 min signal. The moving averages are not stacked correctly for a buy (10 below 100) and the 100 is still angled down.

When the 5 min 3 bar reversal signals sell (again 5 min GU agreed) the 1 min chart has a more typical look to it, see the red arrows down. Moving averages stacked correctly and nice angle/separation.