Sterlina / Yen giapponese
Short
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GBPJPY Bearish Engulfing Short Setup

412
In the 4H chart price has formed a bearish engulfing candle indicating the price might have been exhausted of the up move and is now being taken over by the bears. I entered a short at current price targeting at least the 0.618% retracement as TP. SL above 147.895

Safe trading guys!
Trade attivo
Entered short at 147.780
Nota
We have a break on the bigger trendline! My target for this short will be at the area of the 61.8% retracement. Safe trades everyone!
istantanea
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Looking good so far for this short
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Looks like price is breaking through the 23.6% retracement. Will see how things develop from here. Trade still active and in good profits!
istantanea
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Price seemed to have formed a pinbar on the 1Hr indicating a further move downwards. Looking good!
istantanea
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Will take some profits once it reaches 144 area since there seems to be price accumulation happening there. Also a potential support level.
istantanea
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Looks like we're heading down finally. Will look to book some profits at the 38.2% istantanea
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Bad US data that came out helped GbpJpy down! Good trade! istantanea
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More opportunities to join in the short train if this trendline below breaks. Good luck! istantanea
Trade chiuso: obiettivo raggiunto

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