GBPJPY Simple Short Idea
Price broke 192.36 support making lower low signaling a bearish shift of trend.
Im targeting at least a 50% retracement from ceiling price of 193.6 and floor price of 188.
50% retracement price is 190.74.
This is a simple 1R idea.
Im targeting at least a 50% retracement from ceiling price of 193.6 and floor price of 188.
50% retracement price is 190.74.
This is a simple 1R idea.
Trade active
Added 2nd entryAdjusted TP to 190.2
Note
Same framework as one of my previous successful ideas See link below for in-depth analysis
Note
190.2 is1. 0.62 Fib
2. Weekly Demand Zone/Weekly Order Block
3. 4H Demand Zone/4hour Order Block
4. previous week high, targeting this would fill the imbalance of unfilled institutional orders.
The link below is a successful idea which is my framework for this short.
Trade closed manually
3r
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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.
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.