GBPJPY - SHORT ENTRY
GBPJPY - Price has reached a recent high and showed clear sign of rejection with a long wick, indicating that sellers have garnered control towards a key resistance level for potential sells, retracement down to potentially, the recent order block. Impulse Short entries can be taken.
We had our sells set up with potential downside in the R:R ratio of 1:3.
SL can be placed just above the recent high and TP can be placed just before the key order block to be safe.
SELL BY ENTRY
R:R ratio 1:3
E/P: 169.050
T/P: 168.000
S/L: 169.400
TP - Green Zone
SL - Red Zone
We had our sells set up with potential downside in the R:R ratio of 1:3.
SL can be placed just above the recent high and TP can be placed just before the key order block to be safe.
SELL BY ENTRY
R:R ratio 1:3
E/P: 169.050
T/P: 168.000
S/L: 169.400
TP - Green Zone
SL - Red Zone
Trade active
Trade closed: target reached
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.