FX:GBPJPY   British Pound / Japanese Yen
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TP : 185.1 SL : 187.6 / sell position is confirmed only if H4 closes below 187. afterwards enter at possible retracements around 187.26.
This is a countertrend trade only for risk takers as overall bias is still bullish .
Exit the trade at 185.1 and look to enter long once d1 confirmed bullish pin bar / bias at 185 region.
RISK REWARD 2.5
have you made your money on the way down and on the way up already :) ?
two easy trades using price action analysis.
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hope traders have entered buy position already at the above mentioned 185 region. H4 has shown a bullish pin bar. if have not entered, keep a lookout at 185.3. price may not retrace to that level so those who cant enter do not chase it anymore.
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already profited at 185.3. still looking for favourable price action to enter buy.
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entered sell at 1.8725 with SL H4 close above 187.8. profit at 185.4. predicting bear retracement to the 185 region where buyers will pick up strength once more. looking to enter buy at 185 region.
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