[GBPJPY] Sell Limit - 06/13/2022 - Tokyo Session

13 thg 6, 2022

GBPJPY hasn't showed any indication of slowing up it's bearish momentum. From the 5M timeframe we had a 38.2 retracement which is one of my favorites to trade because it is safe to assume it is going to melt to the -27 without hitting a full 100 retracement. Simply what I did with this trade was draw the trendline and place the entry at the 38.2 which also follows my entry structure because the entry is placed at the last high above the last break of structure.