POTENTIAL SELL ON GBPJPY - DECENDING CHANNEL FORMATION
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As can be seen from the chart price has failed to break yesterdays high. Assuming this rejection follows through then this trade can potentially be extremely rewarding. Moreover, a descending channel has clearly formed on the lower time frames indicating a possible continuation to the down side. The previous idea ought to be disregarded due to the change in market structure. However, I intend to still look for buy trades on this currency pair in the foreseeable future.
*NOT FINANCIAL ADVICE, MERELY AN OPINION*
*NOT FINANCIAL ADVICE, MERELY AN OPINION*
Note
Stop loss price : 167.600.Trade fermée manuellement
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