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Retuka

GBPJPY PENNANT BREAK TRADE

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Retuka  
FX:GBPJPY   British Pound / Japanese Yen
Beyond Technical Analysis Technical Indicators Trend Analysis short signals dollar Forex forextrading forexsignals Fibonacci Retracement reversal pennantbreakout
5
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beyondta indicator trendanalysis short signals dollar forex forextrading forexsignals fibonacciretracement reversal pennantbreakout
Pair: GBPJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support + resistance, pennant break
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Key Takeaway: Need to see a re-test of trend line and then bearish momentum down through next level of support
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Level needed: Need to see price hit 163.965
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Trade: Short
RISK:REWARD 1:8
SL: -35
TP: +270
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