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Mateoo
Sep 24, 2018 9:38 AM

GBPJPY Buy Long

FX:GBPJPY240
British Pound/Japanese YenFXCM

Description

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Buy confirmation signal after failure to break support 146.806. Take profit set at next resistance 148.820.

Comment

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We can buy again now and pyramid on our current position! All the best

Trade closed: target reached

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Faily good ttrade l suppose, now waiting for hour candle to close then decide whether to buy again for next tp target or wait.

Cheers!
Trend AnalysisChart Patterns
Comments
Tupat
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I think the next strong resistance is 148.53, no?
Mateoo
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@Tupat, Yes we should get resistance there but am confident prize will pass that level. If we break 148.820 then will look to buy again for take profit at 149.6. Price should definitely pull back at that level l think.
Tupat
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@Mateoo, thanks for your response. So i will close half of my long positions at 148.50 and another half at 148.82. Thanks.
Mateoo
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@Tupat, Its always my pleasure. had you entered EU earlier on?
Tupat
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@Mateoo, no I'm not. Just focus on one pair.
Mateoo
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@Tupat, Cool all the best!
Mateoo
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@Tupat,check out the article below dailypriceaction.com/free-forex-trading-lessons/pyramid-trading-strategy-double-your-profit-potential
Tupat
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@Mateoo, cool. Nice mate
Tupat
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@Mateoo, 148.50 tp1 hit. I have few more positions left for tp2 148.82.
Mateoo
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@Tupat, Wow nice :). It should hit 148.82 then upon confirmation long again for 149.566.
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