GBPJPY Short Setup

We have here another potential short setup on GBPJPY.

This research is for informational purposes and should not be construed as personal or financial advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

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TP1 hit.

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TP2 hit.

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The pullback was deep and now we can see a bearish engulfing candlestick has completed on the 5min timeframe. Stops are now in profit.

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Stopped out in profit and re-entered on this bearish engulfing setup on the 15m timeframe.

Сделка закрыта: достигнута тейк-профит цена:

Closed with 20pips on the second entry. If we retest the upside, it may not hold.