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Black-Capital
Jul 25, 2021 2:49 PM

GBPJPY LONG Long

British Pound/Japanese YenFXCM

Description

4 Hour Chart

- Every time price has made a lower low, it has retraced to the trend line and sometimes broke it.
- Sell signal very soon, so risking small percentage (0.5%) for buy.

30 Minute Chart

- Price had pressure on consolidation box and broke through
- Price retesting top of consolidation and trend line

Confidence

80%

The 20% goes to the fact that in larger time frames my entries for sells are near where price is at.

Comment

Confidence down to 60% Due to the triple top, risk down to 0.1% - 0.25% of my account, if entering.
Comments
jkmutaawe
let's other it's short 😉
Black-Capital
@jkmutaawe,

Yeah id be careful with this trade however this is a small risk trade based of lower time frames almost a scalp

I may not enter depends on what price does when markets open.

But its some
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