GBPJPY: Harmonic Move 6:1 RR?! Short

British Pound/Japanese YenFXCM

Description

⋅ Jan 4, 2017 7:01 AM

The GBPJPY has just bounced off the 61.8 Fib retracement and its on the way down!

If you take a Fib. Retracement on the pullback itself, you would find the 161.8 retracement level coindentally coincides with the previous impulse wave!

Let me know what you think guys!

Trade active

⋅ Jan 4, 2017 9:38 AM

It broke out of the pullback! Enter NOW!!

Trade closed: target reached

⋅ Jan 5, 2017 7:49 AM

Trade closed! made 200 pips!