GBPJPY - Short Setup Completion
Technical Analysis For Potential Short Trade
- Price took out previous swing low, a signal of potential change of behavior
- It has pulled back to previous structure where it seems it's been rejected
- At same level price tests the 50% fibonacci retracement level
Entry: 146.300
Stoploss: 146.850
Profit target: 144.605
3:1 risk/reward setup
- Price took out previous swing low, a signal of potential change of behavior
- It has pulled back to previous structure where it seems it's been rejected
- At same level price tests the 50% fibonacci retracement level
Entry: 146.300
Stoploss: 146.850
Profit target: 144.605
3:1 risk/reward setup
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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.
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.