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Simply_FX_Trading
Feb 2, 2020 4:44 PM

GBPJPY D1 Sell: Wait for resistance rejection Short

FX:GBPJPY1D
British Pound/Japanese YenFXCM

Description

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GBPJPY D1 Sell:
> Consolidation zone.
> Will need to wait for price to reach the resistance zone, and then await for rejection.
> Very fundamentally driven at the moment.
> Will only enter if I see bearish price action at the resistance level.

Trade Idea:
> Enter: 144.050
> Stop Loss: 144.850
> Take Profit: 141.500


GBPJPY D1 Sell:
> Consolidation zone.
> Will need to wait for price to reach the resistance zone, and then await for rejection.
> Very fundamentally driven at the moment.
> Will only enter if I see bearish price action at the resistance level.

Trade Idea:
> Enter: 144.050
> Stop Loss: 144.850
> Take Profit: 141.500
Trend AnalysisHarmonic PatternsChart Patterns
Comments
Saeed966
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Very good
Simply_FX_Trading
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@Saeed966, Thank you. I appreciate it.
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