UnknownUnicorn13181475

GBPJPY Bearish Move

Short
FX:GBPJPY   British Pound / Japanese Yen
Looking at a bearish move for GBPJPY. Large wicks above this area and clear resistance candle marked on chart in yellow. Looking for a quick move here as price rejects from this level for a second time. 38.2% fib level also acts as strong rejection which is inside of this level of resistance. Simple S+R with extra confluence.
Trade closed manually:
I managed to raise my SL and then got out for 1% (I risk 2%).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.