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Signal_Centre
Mar 17, 2023 8:39 AM

GBPJPY stalling with potential double top Short

GBP/JPYOANDA

Description

Trade Idea: Selling GBPJPY
Reasoning: Medium term downtrend stalling in Ichimoku Cloud. Potential double top on short term chart.

Entry Level: 161.835
Take Profit Level: 160.600
Stop Loss: 162.400
Risk/Reward: 2.2:1

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Comments
JoeChampion
I agree, it could do.. especially when it comes to JPY strength!
Y2K_B
A perfect trade! I had my short entry setup a little after yours and after seeing this post, it reassured my trade idea and as we've just witnessed. Spot on! Have any more pearlers like this one? I'll be sure to share mine as soon as I've confirmed them shortly.
Signal_Centre
@Y2K_B, Happy to assist, Nice trading!
jerryolokodana
it's going to be a retracement to continue the buy most likely.
Signal_Centre
@jerryolokodana, Yes, we only look for ultra short term trades on the show. Thanks for the interaction Jerry.
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