fibretracement

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Khalid1995 Khalid1995 GBPJPY, 720, Short ,
GBPJPY: GBPJPY Short
51 0 1
GBPJPY, 720 Short
GBPJPY Short

Confluence of previous support turned resistance with retest and second line of resistance with confirmation of bearish reversal also close to the .618 line so going to enter short when the market opens with potential gain of 250 pips just above the previous low of 136.348gb

Khalid1995 Khalid1995 GBPJPY, 60, Short ,
GBPJPY: GBPJPY possible short
37 0 3
GBPJPY, 60 Short
GBPJPY possible short

Rejected by .618 line and still shows signs on resuming bearish trend on higher time frames so re-entry at 139.361 level with stop loss just above .618 line @ 139.701 level with tp at roughly 138.425 with potential to carry on dropping to 1.27 extension of 137.523

Khalid1995 Khalid1995 EURUSD, 60, Short ,
EURUSD: EURUSD possible short
57 0 3
EURUSD, 60 Short
EURUSD possible short

retrace to .618 then enter with sl at 0.5 level (1.05986) with the tp at 1.27 extension level at 1.05355 for potential 53 pips 4+ R:R

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