GBP/JPY 4hr Short Order

The market has broken the upward trendline and has given us a potential short order. We need further confirmation that the trend is broken which we will get when the market trade down at 147.51, which will also be our short entry

Trade ist aktiv:

Our entry was triggered at 147.51, our first profit target is at 146.77 with a trailing stop of 150 points.

Trade ist aktiv:

We have reached first profit target on the short trade. We have only closed part of our trade and moved the trailing stop to entry. This is a risk free trade now. We will stay in our position and follow the trend!