GBP/JPY Short Following Previous Analysis.
Following a previous analysis on the DAILY timeframe we have re-tested the resistance area (2H) just under the trend line. Moved to the 15M timeframe to look for entries, Price is currently rejecting the 0.618 Fib Retracement/ EMA area hasn't touched the 0.618 GOLD zone but is respecting the 20EMA. Looking for SHORT trades on MONDAY.
My stops will be around the 0.236 around 140.470- 140.700 this is above the resistance area with TP1 at the 1.618.
Remember good Risk/ Reward Ratio.
TRADE AT YOUR OWN RISK. THIS IS JUST MY IDEA AND I'M QUITE NEW TO TRADING
My stops will be around the 0.236 around 140.470- 140.700 this is above the resistance area with TP1 at the 1.618.
Remember good Risk/ Reward Ratio.
TRADE AT YOUR OWN RISK. THIS IS JUST MY IDEA AND I'M QUITE NEW TO TRADING
