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Matevski3

Long GBPJPY on rising weekly momentum

British Pound / Japanese Yen (FX:GBPJPY)  
Matevski3  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis GBPJPY
6
1
trendanalysis gbpjpy
Long GBPJPY with positive momentum on weekly and with pulse fired. Resistance at EMA21, daily, which was targeted yesterday and the day before.

Uptrend is strong with ADX > 20 on daily.

I'm taking quarterly profits @ 1:1, 2:1, 5:1 and 10:1 with increasing stop loss if targets are reached.

Stop Loss @ 145,161 (10 pips below most recent low). Increase S/L to Break Even if 2:1 is reached.

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