this is a good short setup for monday 20th dec. a sell stop order just under the low of the red shooting star candle is a good way to start.......stop loss, just a few pips 5-10pips above the high of that candle, tp target, previous swing low.
haha... anything but bored simpleforex. Learning from the setups. Got stopped out a couple of times this past week - not a good week for me. The shooting star killed my order on the CHF/JPY. Still looks like a good entry to me. Let me know if you disagree.
300pips and might get some extra more as the trendline is broken and i expect more downward move on this GBPJPY currency pair. also took a 2nd short entry on this pair as well.