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Gbpjpytrade

GBP/JPY testing second trendline. potenital short.Hello traders how are you all ? Hope you guys are doing well. So here is my simple GJ 4H time analysis. We have basically two trendline one is lower which is major D1 trendline and second is a 4H and 1H trendline. Price is just testing the 2nd trendline which is obviously showing a good selling opportunity and i had also excuted a sell trade from the same level. If the price breaks the trendline then that will be the differnt scenario. Have a good day all. Peace out.
Short
by asadlinkinpark9
GBPJPY TradesWe previously opened positions on GJ and are still holding but profits locked. Price has rejected the 38 (and I have confidence in a drop from here mainly, not solely, because of the adverse results retails sales. Also, (as a Fibbo tip) when price has so much momentum, it is MOST LIKELY to retrace only to the 38. My second position's risk will be covered by profits on the previous entry. So, generally I have risk free trades on both positions. *Disclaimer* This is not financial advise. Forex is a risky business. Trade at your own risk. Remember to exercise proper risk management, and have the patience to watch your trades play out. Send me a direct message to learn. #TradeLikeMagnatrio
Short
by Magnatrio
1