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Gelium
Apr 18, 2017 6:33 PM

GBPJPY: Buy setup. Long

BRITISH POUND / JAPANESE YENICE

Description

Breakthrough up long-term consolidation on the pound may lead to the formation of an upward trend on the cross.

Comment

The position was temporarily closed to zero. I'll see what happens on Monday, after the elections in France. Perhaps there will be a better price for a long position.

Comment

Trade closed manually

Comment

Comments
SamadeusM
Thanks for the idea. Thats a huge risk ratio.
Gelium
@SamadeusM, You are absolutely right. The profit factor currently visible is too small. But ... The initial target level can be significantly increased. Long positions can be several. Therefore, the final profit factor can be much more than what you see now. Wait until at least once the strategy has worked on the cross.
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