GBPJPY short idea based on fib
Updated
Hi traders,
On the GBPJPY we can see that price is reaching the trendline that has formed. At this area we also have the 50% Fibonacci retracement, 161.8% Fibonacci extension and 127.2% Fibonacci extension. This is just a few pips above current market price.
Entry: 135.816
Stop: 137.250
Target: 133.445 = R:RR 1.65
Good luck! Updates will follow.
On the GBPJPY we can see that price is reaching the trendline that has formed. At this area we also have the 50% Fibonacci retracement, 161.8% Fibonacci extension and 127.2% Fibonacci extension. This is just a few pips above current market price.
Entry: 135.816
Stop: 137.250
Target: 133.445 = R:RR 1.65
Good luck! Updates will follow.
Trade active
Trade closed: stop reached
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