GBPJPY POST ANALYSIS SHORT

GBPJPY SHORT

1Week Chart:
*Last attempt for buyers to come in\
*Lower Low lower close on 1W time frame going into this last week

1D Chart:
*Breach and break of buyer trend line on the daily timeframe
*Lower Low

4H Chart:
*Entry based on lower close of candle
*Good risk/reward


Entry: 144.700
Stop Loss: 147.500
Take Profit: 140.00

Always make sure to have a trading plan. Make sure to have a good risk/reward on every setup. Never risk more than 2% of capital per-trade.
If you have a good trading plan and stay disciplined to it you will have better trades. This trade is up over 200 standard pips.

Cheers!