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British Pound / Japanese Yen
Short

GBPJPY Trades

By Magnatrio
Another successful clean trade setup. First TP smashed. I had set the same TP for both my entries but ended up seeing the possibilities of price going even lower. This new TP lines up exactly with our -27 fibbo retracement line (DM me to learn how to use the Fibbo the easiest way). Another entry should have been opened upon price retesting the violated channel's support (blue line), but I do not over trade.

The initial analysis is linked below.
#TradeLikeMagnatrio
Beyond Technical AnalysisChart PatternsGBPJPYgbpjpysellgbpjpyshortgbpjpyswinggbpjpytradesmartmoneyTrend Analysis
Magnatrio

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