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ChinaHelloWorld
Apr 10, 2020 7:16 PM

take profit for long trade and possible short retraction Short

British Pound/Japanese YenFXCM

Description

The stoch is in over bought level and turned.

The short term up trend line has been crossed and the price has no much moving at this moment.

it is pending too long without moving further North.

The price would retract to South in short term.

So, maybe take profit for the opened long trades and wait entry again after price completed the retraction.

Or short with higher risk now.

Comment

The price turned to North now and the power quite strong, It over the original open price 30 points, close the order with small loss.

Comment

Re-short GBPJPY again on 134.95

Comment

Since other JPY pairs are going South also.

Comment

Close the short order again with loss. Open long order.

Comment

It is wondering now. Close long orders.
Comments
Vyduh
Good analysis
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