(J) Trade 17 : Short term Bearish Setup #forex

Update: Stopped out
Balance = 28 927 - 630 = $28 297
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Trade 17: Pending Short GBPUSD @1.5530
Trade Status: Pending
S.L @ 1.5635
T1 1.5410
T2 1.5210

Balance = $28 927 Position size = 0.6 lot ~ 2% risk of capital
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Reasoning

• 50-days SMA and Short term trend line could imply short term downside pressures
  
• Pin Bar
  
• Short term overbought Stochastic
  
• Short term trend is down (lower lows and lower highs)
  

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