GBP/JPY SHORT to 1.6193

Hello All,

Short trade set up on GBP/JPY, price has fallen down out of consolidation within a bearish trend on the Macro (higher time-frame chart). \

Target is illustrated by blue price tag and line.

Updates to come.

Safe trading. :)

Comment:

UPDATE:

Waiting on entry, I have a limit sell at (164.815). That is right at the bottom of that fog box on the chart (green dashed line).

That is my ideal entry but if I see price action suggesting otherwise I'll enter sooner.

just a suggestion. Target stays the same.

Trade active:

Didn't hit my ideal target but price action says to enter so I have entered my short position at this time.

Trade closed manually:

closed right above target for a nice profit of over 100 pips! Awaiting a new trade.