GBPJPY - Break, Retest, 61.8% Rejection!
GBPJPY - Break, Retest, 61.8% Rejection! Price has broken the ascending trend line and created a pullback, now rejecting as a double top with wick rejection. With this being said, I am taking a short position on this pair with the TP at the -61.8% Fibonacci level. This results in a great R:R of 1:4 and +170 pips.
Trade active
+40 Pips. SL moved has been moved to entry (134.963) and this trade is now risk free.Trade closed manually
-/+ 0 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.