GBPJPY SHORT 360 PIPS

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!