GBPJPY 4H SHORT TRADES
Updated
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
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
Note
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
Note
30m update - short entry of new sell stop & 30m trendline breakoutNote
New 30m update followup
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