FX:GBPJPY   British Pound/Japanese Yen
302 25 9
SHORTED AT 161.8 LAST TRADING DAY.
WITH STOP ABOVE 192.00.
YESTERDAY D1 CLOSED 1 PIP ABOVE 191.
WORRIES ME SLIGHTLY.
ALL THE BEST TO ME AND THOSE WITH ME.
RSI OVERBOUGHT/SLIGHT DIVERGENCE FOR SOME DURATION NOW.

THUMBS UP IF YOU LIKE THIS IDEA OR WISH TO RECEIVE UPDATES ON THIS PAIR.
12/6/2015 UPDATE :
GOT STOPPED OUT IN FULL FOR A SMALL LOSS. LOOKS LIKE WEDGE PATTERNS PREVAILS.
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Added position @ 190.95. With 80 PIPS SL.
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manijeh.kazemi.33 PriceActionTrading
Hi yoursl 191.90 or 191.600
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PriceActionTrading manijeh.kazemi.33
Soft SL @ 191.9. Only close out with a D1 solid close above.
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Did not hit entry limit for adding position onto this pair. But this pair looks to be tumbling now. If this tumble is fake, i will still continue to look to add position @ 191.00.
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Possible retracement right now.
Looking to add near 78.6% @ 191.00.
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Already 200 pips and counting. Scaled in twice already. Closed half of position for a good profit.
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10/6/2015 UPDATE : THE D1 SUDDEN CLOSE BACK INSIDE THE WEDGE IS WORRYING, FORMING A 180 PIPS BULLISH PIN BAR.
IT COULD BE A RETRACEMENT ON THE H4 OR IT COULD, WELL, BE A BULLISH PIN BAR D1.
KEEP STOP ABOVE 192.2 AND HOPE FOR THE BEST.
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PriceActionTrading PriceActionTrading
Retracement completed and D1 pin bar invalidated. Downwards movement is real.
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UPDATE : ONE COULD USE THIS OPPORTUNITY NOW TO ADD MORE SELL POSITION. SELL @ RETEST. OF PREVIOUS WEDGE AND RESISTANCE LEVEL.
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