Trader_97
Long

GOING LONG ON GBP/JPY [AGGRESSIVE ENTRY]

FX:GBPJPY   British Pound / Japanese Yen
150 4 5
G/J has broken out of T.L resistance from 14 th             of September.Price is pretty close to the demand zone .Trading inside a Descending Triangle . Price likely to continue trading inside the Triangle once it closes above the T.L resistance and confirms the breakout.Entry is slightly aggressive , still a 1:2 R/R trade....
Trade active: Running in 110+ pips ,Expected to stall around 133-133.24
very good analysis
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Trader_97 waterman
Thanks
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Another way to look at it.The rising Support T.L does provide a better Risk/Reward

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Trader_97 Trader_97
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