1500 PIPS move on this pairFirst, we go short, then we go long. If it moves as planned, we will gain 1500 PIPS in the coming weeks.
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1500pips
GBPJPY - 22:1 Win vs Risk Trade - 1500 pipsHello all
I am looking for GBPJPY to retrace to support having broken through resistance on Friday
The weekly chart has printed a great dogi bullish bar between the 61.8 and 78.6% retrace of the current move.
On the weekly and the monthly charts are great pin bars printed December and January respectively.
I am bullish GBP (And EUR and AUD) and do expect this to go higher
Not as smoothly as lets say GBPUSD, however I expect it to go higher and ultimately make 22 to 1 on these trades.
I will be looking to enter at each relevant level as it heads higher
Compounded this could be a trade that brings in 1500 pips for these entries and then proportionate multiples as it heads higher.
Thanks for looking
DuncanForex opening imminently
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Thanks
Duncan
