GBPJPY SELL
TRADE #9
Possible scenario for GJ.
I am basing this idea as of 1.618 extension of wave 1. The price meets perfectly with the fib extension.
sell at 147.000 - Which is 23% retracement of wave 3 and it is in conjunction with the down trend line.
Other option is 148.300 - around that level. Which is 38% retracement of wave 3.
Possible scenario for GJ.
I am basing this idea as of 1.618 extension of wave 1. The price meets perfectly with the fib extension.
sell at 147.000 - Which is 23% retracement of wave 3 and it is in conjunction with the down trend line.
Other option is 148.300 - around that level. Which is 38% retracement of wave 3.
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