marto_el
Short

Two short scenarios for GBPJPY

FX:GBPJPY   British Pound/Japanese Yen
88 0 3
On the smaller short we have a combination of previous structure 50% fib retracement from the previous swing and 1.27 extention. On the other hand a better opportunity will be if the price reaches the 167.250 level. The combination of 61.8% retracement , 1.618 extention previous structure back from 2014 and AB=CD pattern completion make this level sugnificant for me. In order to reduce risk conservative entry waiting for rsi-oversold and a bear candle can give a really nice low opportunity trade
Comment: First target is reached and half of my positions are closed with profit. Stops are at break even with a second target at 155
Trade closed: target reached
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