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douglasswg
May 11, 2017 7:37 AM

GBPJPY Long. RR 1:1.59 Long

British Pound/Japanese YenFXCM

Description

Lots of big impact GBP news ahead, further breakout expected.
Reason :
- Bullish uptrend with NO SIGN of reversal.
- H4 Candle price never crossed below EMA 21.
- Market is full of SELLER, market marker gonna screw up.
- Potential to reach 150.50 (Monthly Chart EMA21)

Entry point Long : CMP ; TP - 148.75 ; SL below previous low.

Risk Reward 1:59
Always remember your stop-loss, market is crazy & cunning*

Trade closed: stop reached

Comments
patterntrader
In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
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