GBP/JPY Bearish Shark
Short opportunity on GBP/JPY. Price action is being squeezed
into an ever narrowing wedge formation as indicated by the
trend lines. I do believe that price will reach the 61.8% Fibo
retracement above at 152.168 and will most definitely cash
in stop/ loss orders sitting above 152.755.
Trade (RvR ratio 1.75)
Entry: At market, or close below 150.367
S/L: 151.785
T/P 1: 149.676 (point B)
T/P 2: 148.810
T/P 3: 148.385
Happy trading
Short opportunity on GBP/JPY. Price action is being squeezed
into an ever narrowing wedge formation as indicated by the
trend lines. I do believe that price will reach the 61.8% Fibo
retracement above at 152.168 and will most definitely cash
in stop/ loss orders sitting above 152.755.
Trade (RvR ratio 1.75)
Entry: At market, or close below 150.367
S/L: 151.785
T/P 1: 149.676 (point B)
T/P 2: 148.810
T/P 3: 148.385
Happy trading