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RaynLim
Dec 3, 2023 4:42 PM

Navigating Contrasting Trends for Optimal Trading Strategies Long

British Pound/Japanese YenFXCM

Description

The 4-hourly chart showcases a compelling Bullish 5-0 Pattern retest accompanied by an RSI Divergence.

While direct engagement in the trade is an option, I'm personally inclined towards waiting for a Bullish Gartley Pattern retest around 186.39.

This approach significantly mitigates risk while still allowing for favorable profit potential—a strategy centered on lower risk for higher returns.

What are your thoughts or trade plans on this opportunity?

Feel free to share below!
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