GBPJPY Trade Idea
Price is currently in a bearish trend so I am only looking to sell
# Trend is bearish
# Resistance level met with a pin bar
# 21 SMA pinned by pin bar
# Pin par is the signal candle
Shorting at market price 139.144 with
# SL above the resistance @ 139.965 and
# TP lower down at 137.443 (SL x 2)
As usual, don't bet the farm, always exercise good risk management and don't rosk what you can't afford to lose.
Do you want to learn how to spot these trade set ups?
Join my mailing list and receive free price action training at facebook.com/profitfxkzn/app/207587552663715/
# Trend is bearish
# Resistance level met with a pin bar
# 21 SMA pinned by pin bar
# Pin par is the signal candle
Shorting at market price 139.144 with
# SL above the resistance @ 139.965 and
# TP lower down at 137.443 (SL x 2)
As usual, don't bet the farm, always exercise good risk management and don't rosk what you can't afford to lose.
Do you want to learn how to spot these trade set ups?
Join my mailing list and receive free price action training at facebook.com/profitfxkzn/app/207587552663715/
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