GBPJPY Bearish Engulfing Short Setup

١١ يوليو ٢٠١٧

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!

١١ يوليو ٢٠١٧

تم فتح الصفقة

Entered short at 147.780

١١ يوليو ٢٠١٧

ملاحظة

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!

١٢ يوليو ٢٠١٧

ملاحظة

Looking good so far for this short

١٢ يوليو ٢٠١٧

ملاحظة

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

١٣ يوليو ٢٠١٧

ملاحظة

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

١٣ يوليو ٢٠١٧

ملاحظة

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

١٤ يوليو ٢٠١٧

ملاحظة

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

١٤ يوليو ٢٠١٧

ملاحظة

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

١٤ يوليو ٢٠١٧

ملاحظة

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

٣١ أغسطس ٢٠١٧

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