Siyabonga_Ngcobo
Short

CTS Sell on the GBPJPY

FX:GBPJPY   British Pound/Japanese Yen
On the yen we have a CTS             type trade setting up wic can suit both aggressive as well as conservative traders.

CTS             Score

Structure confirmed by the daily time frame in green. (2 points)
AB=CD harmonic move
Fib Ext 1.618, lining up with the AB=CD also linked with structure (3 points)
Fib inversion 1.618 lining up with structure (2 Points)

Entry
Aggressive- limit order sell at 164.41
conservative- wait for reversal setup such as a double tob, 2618 sell or pin bar reversal at the kill zone.

Stops
Above near term resistance

Targets

near term structure levels

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