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GBPJPY 4H SHORT TRADES

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Tradingstrategyguides Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators rangebreakout Trend Line Break tradingstrategyguides GBPJPY 4h forextrading
3
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trendanalysis chartpattern indicator rangebreakout trendlinebreak tradingstrategyguides gbpjpy 4h forextrading
Trade depends on
IF - GBP takes a few days off
IF - Macd stays below Red signal line

Short Trades
Bearish Trendline breakout
Range bottom breakout
1st Sell Stop @ 142.25
1st Sell TP @ 141.75

Price breaks below 50 sma
2nd Sell Stop @ 141.25
2ns Sell TP @ 140.55

Find appropriate SL
Close trades if Macd crosses above Red signal line
Comment:
GBP is still strong.
Bullish continuation momentum has broken out of the range top
Keep current sell orders when bearish reversal does happen
Will create new sell stop orders once top is formed
snapshot
Comment:
30m update - short entry of new sell stop & 30m trendline breakout
snapshot
Comment:
New 30m update followup
snapshot
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