forexjunkie33
Long

2618 ttade GBP/JPY 1hr chart

FX:GBPJPY   British Pound / Japanese Yen
80 0 2
we have had the double bottom and price action has already retraced in to the 0.618 fib level so we are in good trade with great risk/reward ratio

Entry was at 1.3027

Stops are at 129.40

Target 1 is at 132.12 (0.382 fib level)

Target 2 is at 133.85 (0.618 fib level)
Comment: Target 1 hit for + 186 pips

Roll stops to break even for target 2
Trade closed: stop reached: Stopped out on target 2 for + 10 pips
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