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GBPJPY Bearish Engulfing Short Setup

412
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!
Trade aktif
Entered short at 147.780
Catatan
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!
cuplikan
Catatan
Looking good so far for this short
Catatan
Looks like price is breaking through the 23.6% retracement. Will see how things develop from here. Trade still active and in good profits!
cuplikan
Catatan
Price seemed to have formed a pinbar on the 1Hr indicating a further move downwards. Looking good!
cuplikan
Catatan
Will take some profits once it reaches 144 area since there seems to be price accumulation happening there. Also a potential support level.
cuplikan
Catatan
Looks like we're heading down finally. Will look to book some profits at the 38.2% cuplikan
Catatan
Bad US data that came out helped GbpJpy down! Good trade! cuplikan
Catatan
More opportunities to join in the short train if this trendline below breaks. Good luck! cuplikan
Trading ditutup: target tercapai

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