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Roker1
May 9, 2017 5:56 PM

GBPJPY in Key Structure Point. Will it fall? Short

British Pound/Japanese YenFXCM

Description

Hey guys,
very few trading opportunities today on my radar. Here is one of the most interesting, we're on the daily chart and it's clear to everyone that we're about to make a decision. The structure you see looking left seems very important, and also the RSI way overbought make me think it's going to reverse. Nonetheless, you don't want to short such a trending market without additional confirmation, that's why i'm paying attention to the hourly and 4hr chart in order to seek for trading opportunities.
I'll keep you updated!

If you want to ask questions or share your view, feel free to comment below.
Otherwise, see you in the next chart!

Trade active

Trade closed: target reached

First target hit:

Comment

Next key area to heed for the second position:

Comment

Nice! Let's see how it reacts:

Trade closed: target reached

Out @145,00 +360 pips
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