WFFX

GBPJPY Short idea - awaiting retracement

Short
FX:GBPJPY   British Pound / Japanese Yen
Evening traders, a couple on the watch list but waiting for a little more development from a few pairs, this looks like a nice set up following a break of the upward trend line , looking for the retracement and on the look out for reversal candle stick patterns at key fib levels.

Lets wait and see how price reacts as it moves up to the previous level of structure.

Comments

Thank you for your contribution!
100 coins
+2 Reply
price broke the trendline but it never broke structure for the confirmation
+1 Reply
Broke straight through!
+1 Reply
Nice analysis, i have something similar on GBPUSD
+1 Reply
Nice!
+1 Reply
Loved this one mate
+1 Reply
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