Hello traders, here we have a lovely GBPJPY short which has a insane profit of 360 pips!
Similar to my previous idea on NZDJPY the main factor of this pair is JPY having some bullish momentum.
Confluences
Parallel trendline touch
Structure Level
Our main point of interest is the .618 level identified which is also in a structure level. This level is interesting as we have a structure level here and a fib level.
Risk We our risking 30 pips for 360 pips giving us a R:R of 12 which is a crazy risk:reward ratio!
Thanks for checking out my idea check my other ideas below!