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ChrisSmithf0

GBPJPY Churning

British Pound / Japanese Yen (FX:GBPJPY)  
ChrisSmithf0  
FX:GBPJPY   British Pound / Japanese Yen
Supply and Demand Triangle Contains image
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supplyanddemand triangle containsimage
This pair has been Churning within a Consolidated Triangle for sometime now between intermediate supply and demand.

From a daily perspective , it is easy to keep away from this pair.

Awaiting price to break consolidation . From a Risk to Reward ( ie. Lower RIsk , HIgher Reward ) any movement to the downside
would be a preferable trade.


What do others think ?




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