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VladimirRibakov
Apr 18, 2019 12:49 PM

GBPJPY Buy Idea Short

British Pound/Japanese YenFXCM

Description

H4 - Price has reached the bottom of the triangle.

If we didn’t get a valid breakout here we may then expect the price to respect the bottom of the triangle again and move higher towards the top of this triangle.

H1 - Price reached a critical zone, bullish divergence.

We may now look for more evidences of bullish pressure in order to join the bulls.
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