GBPJPY Bearish Engulfing Short Setup

11 juil. 2017

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!

11 juil. 2017

Transaction en cours

Entered short at 147.780

11 juil. 2017

Note

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!

12 juil. 2017

Note

Looking good so far for this short

12 juil. 2017

Note

Looks like price is breaking through the 23.6% retracement. Will see how things develop from here. Trade still active and in good profits!

13 juil. 2017

Note

Price seemed to have formed a pinbar on the 1Hr indicating a further move downwards. Looking good!

13 juil. 2017

Note

Will take some profits once it reaches 144 area since there seems to be price accumulation happening there. Also a potential support level.

14 juil. 2017

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Looks like we're heading down finally. Will look to book some profits at the 38.2%

14 juil. 2017

Note

Bad US data that came out helped GbpJpy down! Good trade!

14 juil. 2017

Note

More opportunities to join in the short train if this trendline below breaks. Good luck!

31 août 2017

Trade fermée: cible de profit atteinte