Get started
TheRavensForex

GBPJPY Sell - Finished its retracement, lower high is formed

Short
British Pound / Japanese Yen (FX:GBPJPY)  
TheRavensForex Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY
3
0
trendanalysis chartpattern waveanalysis gbpjpy
GBPJPY has completed its retracement at the FIB 0.618 zone and formed a lower high within a downtrend channel. Based on this, we anticipate that the price will decline towards the 161.100 area, which was previously rejected by a candle.
Trade closed: stop reached:
Wait for another setup.

Related Ideas

TheRavensForex
USDJPY Sell - 3rd wave with tight stop entry
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.