GBPJPY Long Opportunity : Dragon wants to fly high
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 :
Stop: Below 145.400
Target : 148.000
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.