GBPJPY 4H SHORT TRADE

Pair has been in a range
Price is another range in between 50 sma and 100 sma
Short trade as price falls back to 100 sma
My Sell Stop @ 147.25
My Sell Take Profit @ 146.25
My SL @ 148.00 and I will adjust it as price falls
If price goes up over the 50 sma - watch for failure to progress bullish
Then add more pending orders
1st @ 147.49
2nd @ 146.90
Watch Macd for direction by Blue crossing above Red line then dropping before it crosses red zero line

Commentaire:

As price went up to 148.44 I added more Sell Stop pending orders at:
147.95
147.75
147.49
147.25
146.95
My Take Profit was at 146.25
But I closed my trades late at 146.60