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rcjugg
Jan 5, 2021 1:49 PM

GBPJPY Short  Short

British Pound/Japanese YenFXCM

Description

Confluences for this entry:
- Double top formation indicating sell off
- Neckline has acted as both support and resistance in the past so can expect price to break + retest then meltdown into swing low zone
- Current candlestick has large upper wick indicating that the sellers have taken control of the market

1:4RR let's see how it develops.
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