Short

GBPJPY Short Oppurtunity

Updated

For this trade I will be looking to short the Pound Yen. I would like to see the price up a bit before entering short. If I see a bearish engulfing candle at any point in the current uptrend I will consider entering there however I would need to see the RSI showing signs of reversal.

Note

The latest candle was very close to engulfing the previous up candle. If the next candle closes low with strength I will enter. If the next candle has a weak close I will wait for better entry.

Note

Stops at break even

Trade closed: target reached

Both T/Ps hit.

MikePips

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