adamf9780

GU Long to top of downtrend Gann

Long
OANDA:GBPJPY   British Pound / Japanese Yen
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2
Bounced off significant resistance and downtrend Gann
Should either retest top of red line or go higher to resistance
Trade closed manually: Profit taken, struggling around resistance

Comments

Hey ,I am Long the pair ,You still see 146.000 as the Target?
Reply
@fxing, Hi, in my opinion yes that's my first target. With the triple bottom formed on a very significant support level there is potential for much higher upside than 146.000. However since it's a crossover of a downtrend gann it could get rejected from this area also. If it pushes through and closes above the next level will be the highlighted green resistance area. This is a key level from 146.000 if it can close above this resistance expect even further upside from here!
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