GBPJPY Bearish Engulfing Short Setup

2017年7月11日

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!

2017年7月11日

交易進行

Entered short at 147.780

2017年7月11日

註釋

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!

2017年7月12日

註釋

Looking good so far for this short

2017年7月12日

註釋

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

2017年7月13日

註釋

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

2017年7月13日

註釋

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

2017年7月14日

註釋

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

2017年7月14日

註釋

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

2017年7月14日

註釋

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

2017年8月31日

交易結束：目標達成