Get started
British Pound / Japanese Yen
Short

POTENTIAL GBPJPY SELL - CONTINUATION OF DOWN TREND

By Trader856
This is an update to my previous post, where GBPJPY rejected off of the trend line and proceeded to fall. Now what we see is a retest of a critical price level which could soon be an amazing sell trade, given the fact there has also been a rejection off of the Fibonacci level. The TP would remain the same as my previous post. More importantly, having multiple confluences is what ensures accuracy from what I have experienced, so there is potential for this trade to have an excellent R:R.

*NOT FINANCIAL ADVICE, MERELY AN OPINION*
breakandretestchartChart PatternsFibonacci RetracementForexpatternSupport and ResistanceTrend AnalysisTrend Line Break
Trader856

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.