Good Day Everyone
Here's an idea on the GBPJPY pair, the Ascending channel holds and the pair is currently rallying with the bears for a possible retest of 61.8% Fibonacci level, looking for a bounce of this level then a rise in the pair, for more aggressive traders you can look for short entries on the pair targeting 61.8% fib level .
if we see a significant move beyond this Fibonacci level the plan for the pair will change but if we see a bounce of the level 61.8% Fibonacci swing traders can look for long entering on the pair targeting previous swing high..
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Target 1 - 136.07 61.8% fib level
SL & ENTRY - FOLLOW YOUR RULES
PERIOD - DAY TRADE
RISK-MANAGEMENT
______________________________________________________________________________________________________________________
IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
Here's an idea on the GBPJPY pair, the Ascending channel holds and the pair is currently rallying with the bears for a possible retest of 61.8% Fibonacci level, looking for a bounce of this level then a rise in the pair, for more aggressive traders you can look for short entries on the pair targeting 61.8% fib level .
if we see a significant move beyond this Fibonacci level the plan for the pair will change but if we see a bounce of the level 61.8% Fibonacci swing traders can look for long entering on the pair targeting previous swing high..
_______________________________________________________________________________________________________________________
Target 1 - 136.07 61.8% fib level
SL & ENTRY - FOLLOW YOUR RULES
PERIOD - DAY TRADE
RISK-MANAGEMENT
______________________________________________________________________________________________________________________
IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
Trade closed: target reached
