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TraderAvDM
Apr 25, 2019 11:15 AM

FINAL Support Zone: BUY GBPJPY, Low Risk Trade Long

British Pound/Japanese YenFXCM

Description

As I mentioned in my previous idea, GJ has two support zones. The first support at 144.80 failed and now we can back to the major support at 143.80-144.10. The number 144 is very important. Not only has it supported the price recently, even in 2017 and 2018, 144 acted as a major support.
So, in my opinion, traders can buy with low risk at this support zone between 143.80-144. TPs can be set at 145.20 and 146.70 respectively.
SL should be placed at 143.50

Trade active

Bought at 143.97.
SL :143.50

Trade active

Trade running with 70 pips profit

Comment

Trade in 240 pips profit. Going towards TP2
Comments
eduardomendes9209
Great my friend I'm long with minimum position size tks
TraderAvDM
@eduardomendes9209, Cool mate. Just keep the risk low :)
TraderAvDM
@eduardomendes9209, Cool mate. I guess you made good profit
MoFXSignals
Great setup mate. Keep the content coming.. Very informative and helpful
TraderAvDM
@4XHunter, Thank you for your kind words. I will try to keep posting :)
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