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shanetrades1
May 13, 2020 10:19 AM

GBPJPY Short

British Pound/Japanese YenFXCM

Description

Continuation of the recent down trend
Price opened below the Daily pivot indicating Bearish conditions
Lower highs lower lows on 1 + 4 Hr time frames
EMA 100 + 200 Bearish
IF price rejects said area will create a head and shoulders pattern on higher timeframes (Right shoulder) bearish momentum then expected

IF price breaks this area of resistance VOID Trade

Trade closed: target reached

Trade triggered by the 1pm rejection
TP Hit2 Hit
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