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UnknownUnicorn772665

GBPJPY Short Trade *INTRADAY TREND CONTINUATION*

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
UnknownUnicorn772665 Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY GBP jpy shorttrade Fibonacci Retracement
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trendanalysis chartpattern waveanalysis gbpjpy gbp jpy shorttrade fibonacciretracement
Short trade set up on GJ.

Lower lows and lower highs made on the 4hr.
Last weeks candle closed very bearish.
Weekend gap up not fulfilled yet.

Shorting at 140.200 with a nice 35 pips stop loss to keep it above previous highs.

Looking for a new lower low to be made for a 4:1 RR trade. Longer term target is shown on the chart at the daily trendline and previous support/resistance zone. This would be a mega trade of over 13:1 RR
Trade active
Trade closed: stop reached

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