Looking for a possible sell on GBPJPY. I'm seeing reject on the .618 fibonacci and the candle appears to be closing below zone. If the 5am candle closes bearish as I anticipate it will, I will enter a sell. I normally don't trade on Fridays but this appears to be a great set-up. The Take Profits that I will shoot for are 164.7 and 161.6.
Of course, I'd be risking 1%(2 entries at .5%). If I get a candle close below 164, I'll go ahead and add another entry.
Of course, I'd be risking 1%(2 entries at .5%). If I get a candle close below 164, I'll go ahead and add another entry.