Hello traders, here we have a lovely GBPJPY short which has a insane profit of 360 pips!

Similar to my previous idea on NZDJPY the main factor of this pair is JPY having some bullish momentum.
NZDJPY 370 PIP SHORT!


Confluences
  • Parallel trendline touch
  • Structure Level


Our main point of interest is the .618 level identified which is also in a structure level. This level is interesting as we have a structure level here and a fib level.

Risk
We our risking 30 pips for 360 pips giving us a R:R of 12 which is a crazy risk:reward ratio!

Thanks for checking out my idea
check my other ideas below!
360pipsChart PatternsGBPHarmonic PatternsjpyshortTrend Analysis

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