GBPJPY Short Oppurtunity

FX:GBPJPY   British Pound / Japanese Yen
194 3 3
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.
Comment: 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.
Comment: Stops at break even
Trade closed: target reached: Both T/Ps hit.
Stops at break even.
i'd say you should start scaling in on those shorts now :)
+1 Reply
MikePips KetogenicElijah
Hmm, I don't understand. Do you mind explaining?
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