GBPJPY short idea based on fib
Hi traders,
On the GBPJPY we can see that price is reaching the trendline that has formed. At this area we also have the 50% Fibonacci retracement, 161.8% Fibonacci extension and 127.2% Fibonacci extension. This is just a few pips above current market price.
Entry: 135.816
Stop: 137.250
Target: 133.445 = R:RR 1.65
Good luck! Updates will follow.
On the GBPJPY we can see that price is reaching the trendline that has formed. At this area we also have the 50% Fibonacci retracement, 161.8% Fibonacci extension and 127.2% Fibonacci extension. This is just a few pips above current market price.
Entry: 135.816
Stop: 137.250
Target: 133.445 = R:RR 1.65
Good luck! Updates will follow.
Trade active
Trade closed: stop reached
Related publications
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.
Related publications
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.