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FIBSII
Dec 30, 2016 1:44 PM

TCT Low Risk Short

British Pound/Japanese YenFXCM

Description

Hey all,

Here is a nice Trend Continuation Trade on GBPJPY. Made a deep retracement right back into the previous structure level which is holding. Great opportunity to enter a low risk short position with the overall bearish trend. Target would be a retest of previous lows and could use an advanced target to shoot for a 127.2 extension
Comments
arulchelski
Good setup., that resistance never tested.,
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