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joni.rcunha

GBPJPY - Building a case to get short

Short
British Pound / Japanese Yen (FX:GBPJPY)  
joni.rcunha  
FX:GBPJPY   British Pound / Japanese Yen
2
1
The price is now on the Resistance Zone and I believe it will reach 190.297 to complete the ABCD pattern. At that level we see the 1.618 A-B Fibo Extension. Then I'll expect a retracement to the Fibo 61.8 C-D leg, that will be the zone that was a resistance that became support.
Stop at 191.910
Target at 184.400
P&L Ratio = 3.66
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