SELL AFTER PULLBACK FOR GBPJPY

We saw this pair break bearish yesterday and break the trend line i have plotted. You can see price broke below that and retraced at support. Price is currently at 50% of that bearish breakout. We MAY see price break lower as divergence is also evident. Having said that, we may see price retest that trend line before a potential bearish move. If price re tests the trend line and moves bearish, our take profit will be adjusted accordingly.

Entry - grey price level
Stop loss - red price level
Take profit - green price level
Risk management - 1% risked on trade
Risk to reward 1:2

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