Technician
Short

GBPJPY: A simple short setup

FX:GBPJPY   British Pound/Japanese Yen
383 1 6
Update: That was quick, no entry, trade cancelled

Looking for a retest of areas near the bottom of the sideways range, following the break below rising trend line for the latest bullish wave and 171.30 horizontal support.

Trade number: 66
Accumulated profit/loss (pips) = 2472

Pre-trade stats
Number of trades:65
Winners: 34 Losers: 22 Cancelled: 09
Profit/loss (in pips) = 2472
Open trades: none Pending trades: none
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled

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Update: That was quick, no entry, trade cancelled
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