PaulVereline

GBPJPY Breakout retest sell.

Short
FX:GBPJPY   Livre sterling / Yen japonais
Hello guys, Paul vereline here, i am new to publishing trade ideas to tradingview so i am interested to see how things turn out! Anyways lets get to the analysis. We seen a HUGE impulse breakout of the up-trend that it was following causing it to create a new support of "150.000". Based off of the movement that we have already seen, i would like to see price Retrace/Correct back up to "61.8" level on fibbs then continue its downtrend that has also now been created after the impulse drop. I would look to enter this trade anywhere from "151.500 - 151.750" shorting it with a stop loss of "152.100" because it price hits that zone i would expect it to keep rising. Green lines being my short take profits and blue lines being swing trade take profits.

Entry: 151.500 - 151.750
Stop Loss: 152.100
TP1: 151.000
TP2: 150.000
TP3: 149.000
ST1: 148.000
ST2: 147.000
ST3: 146.000
*Always use risk management*
-Paul
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.