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YourLazyTrader
Feb 23, 2020 12:18 PM

GBPJPY buyers might have finally run out of steam Short

British Pound/Japanese YenFXCM

Description

GBJPY staged a moderately strong rally last week primarily due to JPY weakness. However, the long-legged Doji candle at the resistance indicates that the buyers might have finally run out of steam.

At this point, sellers could step into the market.

So, traders can look for sell between 144.60 to 144.80 with SL above the resistance area. TPs can be set at 143.50, 142.70 and 141.30 respectively.
I have already sold last week and currently holding my trades.

Comment

Perfect idea. Worked great

Trade closed: target reached

All targets reached in GJ 330 pips profit
Comments
marcosmateo
I sold last week & am holding too, price reached a strong demand zone.
YourLazyTrader
@marcosmateo, Awesome :) Let's make some profit!
nkegoaekokobe
Thanks for sharing.
YourLazyTrader
@nkegoaekokobe, Happy to help :)
caricon
Nice chart
YhueSacs
thanks for sharing sir 👍
YourLazyTrader
@YhueSacs, welcome mate
Sumaia_lili
Good idea
habib400605
Thanks.
savyx
Thanks!
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