FX:GBPJPY   British Pound / Japanese Yen
I know i posted a long position recently on GBPJPY but i am now really reluctant because of the pin bars failing to close above 150.400 for several times. If you have read Fibonacci Trading by Carolyn Boreden you will know and understand this type of possible retracement. I am now short on this pair and closed my previous long position with a loss.

1) Running the retracements of A to B (.382, .50, .618, and .786)
2) Running the price extensions of C to D (1.272 and 1.618)
3) Running the price projection of B to C, projected from d (1.00)
Trade active
Trade closed: stop reached

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out