GBPJPY analysis - bearish engulfing at h1???

chart h1 - 6 am Malaysia

An engulfing bearish candle had appeared on the hourly chart. Price failed to make a clean break of the yellow immediate trendline. In addition, the price was rejected by the weekly fib 50% level.

Decided to go short at 131.62 with stop-loss placed at 132.41 (79 pips risk).
Target: Not decided yet.

Let's see how the market will play it out... :-ss
8.45 am - another very, very slow day
+25; SL rest at +1
9.28 am - stopped out at +1 b-)
should we go fishing today?


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