Cmasterza

GBPJPY Trade Idea

Short
FX:GBPJPY   British Pound / Japanese Yen
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.

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