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Eduard
Dec 1, 2017 7:14 AM

GBP/JPY Intraday 2 scenarios 

British Pound/Japanese YenFXCM

Description

Morning Traders!

The price has clearly breaked the daily resistance closing above it with a D1 candle. What i expect today is a retracement at least to the breaked resistance (151,600).

However, the pair has shown tons of bullish activity those days so if it breaks upwards the M15 rectangle i will go long targeting 152,850 that is where i see the next resistance.

Good Trading Traders!

Comment

Finally we got a downward break. Moved my TP to 151,350, that is the price where the breaked trend line is.

Comment

Was so close from TP, still waiting. Put BE.

Trade closed manually

Closed +25 pips. Price just stoped 7 pips above my target.
Comments
amir.benthalib30
Thank you very much, Good profit. Where the price go after this??
Eduard
@amir.benthalib30, You are welcome! Well, i will wait untill monday to determine where it can go. Thanks for you comment!
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