GBP/JPY Bearish Shark
Short opportunity on GBP/JPY. Price action is being squeezed
into an ever narrowing wedge formation as indicated by the
trend lines. I do believe that price will reach the 61.8% Fibo
retracement above at 152.168 and will most definitely cash
in stop/ loss orders sitting above 152.755.
Trade (RvR ratio 1.75)
Entry: At market, or close below 150.367
S/L: 151.785
T/P 1: 149.676 (point B)
T/P 2: 148.810
T/P 3: 148.385
Happy trading
Short opportunity on GBP/JPY. Price action is being squeezed
into an ever narrowing wedge formation as indicated by the
trend lines. I do believe that price will reach the 61.8% Fibo
retracement above at 152.168 and will most definitely cash
in stop/ loss orders sitting above 152.755.
Trade (RvR ratio 1.75)
Entry: At market, or close below 150.367
S/L: 151.785
T/P 1: 149.676 (point B)
T/P 2: 148.810
T/P 3: 148.385
Happy trading
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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.