DKFX40

GBPJPY - Wait for closed breakout candle at a lower timeframe

Short
FX:GBPJPY   British Pound / Japanese Yen
Hello everyone!

I will keep it compact as always:

1. Wait for the closed breakout candle at a lower timeframe (15m/30m)
2. If it closes underneath the support level, we are looking for a further drop to the downside
3. Fibonacci retracement looks very good if you line it
4. WAIT for the confirmation!

I hope you like it!

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.