GBPJPY SHORT BELOW 143.55 [Momentum-High Reversal]

2018年12月13日

The downtrend is strong and in place, we have seen a normal correction.
Price is stuck between 50&61.8% retracement of the 2nd wave down, the option here is to short below 143.55.
A very tight stop is required because if price trade above 144.15, a bullish run is possible.
Having said that, the dominant force is the downtrend.
SHORT:143.55
STOP: 143.95
TARGET 1:139.90
TARGET2:138.25
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You must have a well defined Rule-based methodology/strategy that works Minimum of 5 out of 10 times.
Practice and understand your strategy.
Analysis followed by Confirmation and lastly and the most crucial; Execution (Optimum Entry, Exit, Tp and SL).
Keep it this simple and you will not Fail.

2018年12月13日

交易進行

Nice close below 143.55 15Min