farimannf
Short

Potential Scenario for a short on the GBPJPY

FX:GBPJPY   British Pound/Japanese Yen
47 0 5
The scenario I have drawn up could be a potential scenario for a short trade, although this could only occur if the trend rejects the upper trend line highlighted in orange, only then we can short 3 times at roughly the same quantity, personally I would enter these three trades at 162.227. My first take profit would be my pivot point , my second take profit would be between my resistance and my pivot point (highlighted in purple) and my third take profit would be my resistance. I would also set a stop loss at 160.179.

Please feel free to leave ideas and comments below, many thanks.
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