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GBPJPY A short term price action setup

FX:GBPJPY   İngiliz Sterlini / Japon Yeni
We'll try to short this pair at 132 level with a potential of 100 pips short squeeze

Like and comment if you find value in our analysis.

Good luck


NOTES:

- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.

Best Regards.
İşlem kapandı: hedefe ulaştı:
Fibonacci tool is a powerful tool if used properly. Price tested .618 level twice and rolled down.

Banking our first part of profits with 1.55 R
İşlem kapandı: hedefe ulaştı:
Closed the remaining position at 3.04 RR.

Banked total of 4.59% profit

Yorumlar

Hi, could you explain based on what you have identified the target in this trade?
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Thanks.
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