garciaohk
Short

GBPJPY H4 SHORT PRICE ACTION FORECAST

OANDA:GBPJPY   British Pound / Japanese Yen
Price has reached a previous resistance and got rejected, unable to form a new high for a double top pattern. It shows the downward movement towards the ascending trendline in direct confluence with the golden level from Fibonacci. The price structure allows the placement of a short entry.

The order:
Type: sell-stop
S/L: 57 pips - R:R | 1:3.6 -
T/P: ascending trendline

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