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GBPJPY Long Opportunity : Dragon wants to fly high Target reached 230 pips

GBPJPY Long Opportunity : Dragon wants to fly high

Published: 07-03-2018

Pair: GBPJPY

Fundamentals, Patterns Indicators : On the Fundamentals side, GBP is sick due to Brexit. No need to jump into the details in this article. Technically, Dragon broke structural resistance in the smaller chart timeframes.  Re – tested the trend line. We have entered LONG positions and generated more than 200 pips so far. We like to use this pullback as a buying opportunity with a good risk reward ratio.

Our Trade Idea as shown in the chart is :

Trade  Long

Entry: 145.700

Stop: Below 145.400

Target : 148.000

Good Luck

Update: Target Reached 230 pips. Join our premium club to get full benefits.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

 

GBPJPY: Forex Trading involves risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guaran:tee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

 

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