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GBPJPY | How Can You Trade The Bearish Wave? Trading Strategy
British Pound / Japanese Yen
Short
GBPJPY | How Can You Trade The Bearish Wave? Trading Strategy
By KlejdiCuni
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Updated
Aug 23, 2022
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Aug 18, 2022
GBPJPY | How Can You Trade The Bearish Wave?
In the 4-hour chart, the price is showing
a very strong resistance zone located between 163.50 - 163.90
On the 60-minute chart, we have a possible head and shoulders pattern.
We have to wait until the price drops below the neckline
pattern and after that the price has higher chance to move lower and reach our targets.
It's a very simple and effective strategy :)
I hope you enjoyed it.
Thanks and Good Luck!
Aug 23, 2022
Trade closed: target reached
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