GBPJPY Potential Short Oppotunity

GBPJPY Trade Idea Harmonic White Swan and Bearish Shark

Published: 07-12-2018

Pair: GBPJPY

Description: Bearish Shark completed at 148.550 and Bearish Swan at 148.700. A minor correction is predicted.

Note: The trend is strongly bullish and the pair break above the main resistance at 148.00 -148.200. The target of the formation is limited with ex-resistance / new support 148.200 – 148.000.

Our GBPJPY Trade Idea:

Trade: Short

Entry: 148.800 / Confirmed by MM as well.

Stop: 149.100

Target 1: 148.200

Target 2: 147.800

Good Luck

Comment:

148.630 - 148.800 area of the entry.

Comment:

We close 50% of the position at 148.300 with 50 pips and move our SL to entry.

Trade closed: target reached:

With 100 pips we go out of the trade. Update is coming soon