GBPJPY Trade Idea
Price has been in a down trend as indicated by the lower highs and the descending trend line...
After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man)
I am shorting at market price 145.396 and
SL above highs @ 145.766 and
TP lower around support @ 144.151
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man)
I am shorting at market price 145.396 and
SL above highs @ 145.766 and
TP lower around support @ 144.151
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
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