GBPJPY - Break, Retest, 61.8% Rejection!
Updated
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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