GBPJPY to the 0.236 fib
I've tracked a downtrend on the daily charts all the way back to February. Furthermore, I found a nice support level reaching all the way back to 2016 for the fib levels.
https://www.tradingview.com/x/WrIN5VpH/[/url] With only 22% of the market shorting, this is a great time to get on this down trend trade that is set to hit 132.664. We are a few hours behind the best time to enter this short, but still many pips to make. :)
https://www.tradingview.com/x/WrIN5VpH/[/url] With only 22% of the market shorting, this is a great time to get on this down trend trade that is set to hit 132.664. We are a few hours behind the best time to enter this short, but still many pips to make. :)
Note
Trade closed: target reached
Most likely more profits to be made. But closed trade at 132.675 tallying 167 pips!
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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.