Technician
Short

Trade Idea: Short GBPJPY for a pullback

FX:GBPJPY   British Pound / Japanese Yen
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181
6332 30
Hello mates,

I see a good chance for a downside pullback as the price has been up-trending strongly in the past weeks.
We have reached a medium to long term resistance area among 148.00-1.4830. RSI is divergent and a four-hour shooting star candle formed.

Best regards
Technician
Comment: First target reached. Stop loss moved to entry to lock profits.
Trade closed: target reached: Full target reached
Comment: Profit(in pips) = (117 pip on first half + 214 pips on second half)/2 = 165.5.
Comment: Return on capital = 3.6%.
Note: Risk per trade is 2%
Hey Technician,

Thanks for the chart (Y) appreciate it.
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@technician you are super mate, thanks for this trade
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Very nice trade setup, thank you for sharing your idea. i have similar view on this pair as well.

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@Technician Great trade! What do you think about USDCAD?
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That's good thx
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Great ..... nice prediction
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joined telegram
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@Emilio1,you are welcome
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Well done Technician .. I am waiting your website to be live. keep the good work ...

You are one of the best analysts in the market
+1 Reply
@afounah, thanks bob
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