GBPJPY VIP SHORT! OVER 1300 PIPS!

GBPJPY SHORT
Why are we entering?
- Expecting JPY strength
- We are waiting for rejection from our structure level and fibonacci

What is our confirmation?
- Break of WFB trendline and 1HR EMA
- Rejection from structure and fibonacci

Entry
- Safe Entry: Break of WFB trendline & 1HR EMA with Rejection from structure and fibonacci
- RISK Entry: Rejection from structure and fibonacci
- RISK Entry 2: Early break of WFB trendline / 1HR EMA

Once entered, where will our Stoploss be?
- Above structure & fibonacci / previous high (166.4) 30 pips
- Move SL to BE after running 30 pips

Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP previous low :161.1 (500pips)
- Final TP: Structure & ascending channel 152.5 (1360 pips)