tower47

GBPJPY medium swing short idea

Short
tower47 Updated   
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Price is currently sitting near monthly round number level. I'm expecting push up to the 50% retracement area along with triple top formation for extra confirmation for short entry then continuation to next 250 pip quarter level. This is in conjunction with my prediction that japan might receive tariff exemptions from the U.S. thus strengthening the Yen.
Trade active:
This trade has activated and moved into profit:)
Comment:
NFP pushed price very close to 50 pip sl but it held out and now we should see the downside
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.