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LupaCapital
Mar 16, 2020 10:45 PM

GBP JPY 

British Pound/Japanese YenFXCM

Description

Japanese Yen is a safe haven asset for investors, but while pairs have been taken a beating - especially GBP against these safe haven assets - the demand zone 1 was touched so a scalp trade has been placed - aim to get 70-100 pips before closing.

Risk free entry already.

With new fresh zones being touched with heaving selling - await a rejection on a zone and enter. However trading against the trend (in majority of cases) is free money to the sellers or buyers in a trend. So pay attention. Scalping is in and out - so once your pips are secured. onto the next trade

Trade closed manually

closed during asian session 131 before JPY picked up strength
Comments
transparent-fx
this is what I have marked up from a multi-timeframe analysis
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