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GIgor_021
Mar 20, 2020 8:30 AM

GBPJPY: possible long scenario Long

British Pound/Japanese YenFXCM

Description

Trend reversal is possible in GBPJPY.

Entering the market from 129.4 with S/L below 127.8 and T/P around 134.26 provides decent R:R and opportunity to ride a possible price reversal in GBPJPY.

Position sizing is crucial in this kind of market environment.

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Trade closed: stop reached

Idea itself was good, S/L killed it.
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