GBPJPY - second entry - Long - lets see what happens
Updated
Hello all - DuncanForex here with another trade idea
The trade idea last night did not work out, however price has now hit the Monthly pivot point,
I do expect price to react at this level.
It has broken out from the short term dynamic resistance - retested it at support and is now showing bullish price action on very low time frames.
It this continues to cycle higher - I may get in to this trade however with a reduced risk profile of 0.5% per trade
DuncanForex.com is now live
Thanks for looking
Duncan
The trade idea last night did not work out, however price has now hit the Monthly pivot point,
I do expect price to react at this level.
It has broken out from the short term dynamic resistance - retested it at support and is now showing bullish price action on very low time frames.
It this continues to cycle higher - I may get in to this trade however with a reduced risk profile of 0.5% per trade
DuncanForex.com is now live
Thanks for looking
Duncan
Note
trade setup hasn't happened as yet - on my watch list
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