kakaria.smit

GBPJPY Beakout and Retest

Short
FX:GBPJPY   British Pound / Japanese Yen
Very clear double top breakout and retest.

As soon as you reach the first target, book profit on half your position and put your SL at breakeven.

Risk to reward is about 1:3.8

The Stop loss is very small.

Let me know your views in the comment.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.