Get started
UnknownUnicorn8714085

GBPJPY - Break, Retest, 61.8% Rejection!

Short
British Pound / Japanese Yen (FOREXCOM:GBPJPY)  
UnknownUnicorn8714085 Updated   
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort Fibonacci Retracement breakout retest swingtrading
4
0
trendanalysis chartpattern indicator gbpjpy gbpjpyshort fibonacciretracement breakout retest swingtrading
GBPJPY - Break, Retest, 61.8% Rejection! Price has broken the ascending trend line and created a pullback, now rejecting as a double top with wick rejection. With this being said, I am taking a short position on this pair with the TP at the -61.8% Fibonacci level. This results in a great R:R of 1:4 and +170 pips.
Trade active:
+40 Pips. SL moved has been moved to entry (134.963) and this trade is now risk free.
Trade closed manually:
-/+ 0 Pips.
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.