GBP/JPY nice shorting opportunity

FX:GBPJPY   British Pound / Japanese Yen
1588 7 27
Nice potential trade if the market comes up the the resistance level . There is really no support level for the GBP until the retest of the previous lows which gives us a R/R of 4/1.

Not sure about your idea
Agree with you :)
+1 Reply
Awesome chart art samurai! I also see the same, published it as well for the. Let's get these pips :)
samurai110 Pipboy5000
Nice job. Keep spotting these high probability, high R/R trades. That's how you grow your equity curve exponentially.
Pipboy5000 samurai110
will do! and I agree, taking high r2w trades is an amazing way to grow an account. thanks again, keep up the great chart art. lol, my last comment had a typo, just noticed. meant published it as well for the same outlook.
Congratulations! Your chart has been selected to be highlighted as the post of the day. This is a great example of developing a trade idea with strong risk management using a Fibonacci retracement.
+2 Reply
samurai110 walker.england
Thank you very much. I am honored that you picked my trading idea.
+2 Reply
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