Marsh00

GBPJPY Trend Continuation Short

Short
FX:GBPJPY   British Pound / Japanese Yen
Price action is bearish so I am looking for short opportunities. I saw previous structure so way waiting for price action to pull back there; giving me a R:R of 1:2. I placed stops 10 pips above previous structure as this will tell me my idea is wrong and a potential rotation in trend if it breaks previous structure. I placed targets to the previous structure level as a trend continuation trade. I am also predicting price action to go to 148 even.
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