GBPJPY [1-3 days view]

Short GBPJPY:
ntry: 147.105
SL: 147.85
TP1: 144.850
TP2: 143.5

• After a strong rally upwards, we see a divergence between momentum and price. RSI (21) has also crossed into the bearish territory below the 50% level.
  
• Shortly after which, market broke below the ascending trendline support (now resistance).
  
• Price has also closed below EMA (34) which has acted as a pretty solid support/resistance for GBPJPY

İşlem aktif:

Trade is now risk free.
Stop loss has been trailed to protect profits at 146.850

Yorum:

Moved trailing stop lower to further protect profits.

Yorum:

1st Target reached. Scaled out to lock in profits.