AndreM.Moldegard-Eriksen
Short

GBPJPY short, close to EMA 200, 4h chart

FX:GBPJPY   British Pound/Japanese Yen
GBPJPY             is trading close to 61.8% fibonacci on a 4h chart, which has previously been respected multiple times. EMA 200, which also has been respected as a resistance, is close to the fibonacci 61.8, and RSI is close to being overbought. All this, accompanied by the fact that the candle is a shooting star makes me go short on this pair. It could however be wise to wait for the next candle to confirm the shooting star , if you wish to be safe.

Entry: 161.35
SL 162
TP 158.8

Risk/reward: 3.92
Trade closed: stop reached: Hit SL. Total loss of 0.3%
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