AnriErikanov
Short

Nice shorting setup on GBPJPY

FX:GBPJPY   British Pound/Japanese Yen
48 0 4
Ok so after observing this pair for the best entry I waited until the pattern broke out and decided to get in when it retraces like now


I like this setup because it's an overal bearish trend and will likely continue

The retracement was needed to entry for a better risk&reward and price might go beyond previous support where I set my target anyway I will close 50 percent of my positions then.


No additional or important event that has the force to reverse this strong bearish trend and that could add additional risk that I don't want
Trade closed: target reached
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