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jolicoeur342
Sep 15, 2017 2:38 PM

GBPJPY - SHORT AREA (161.300) Short

British Pound/Japanese YenFXCM

Description

Good friday morning!

GBPJPY LONG TP's been hit. (750 pips profit).
Now I am already chasing that sell area. And I am expecting it to be around 161.300 for a few reason, first we can see a monthly supply&demand, it would be a re-test of the broken level on the monthly timeframe, and on top of that we have an AB=CD Harmonic Pattern and also it is the SMA50 on the monthly timeframe once again! I will update this chart as the market approach the reversal area. Thanks you, trade with care.
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