GBPJPY - Bearish Cypher Developing

GBPJPY 15M Time frame A Bearish Cypher is developing on the 15M TF. We are looking to Sell at D completion leg at 141.423 level. Target will be trailed. The overall trend of the market is bearish. We are currently short as per previous 4H analysis (Check Previous Post on GBPJPY - Head and Shoulders) looking to add another position.
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Trade ist aktiv:

Sell limit triggered, we are short

Trade geschlossen: Ziel wurde erreicht:

We adjusted the target to take some money off the table at the 61.8 Retracement of the BC move to avoid the market reversing on us... we will watch to see how the market plays out.