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faris.makki

GBP/JPY Long position for wave 3

Long
British Pound / Japanese Yen (FX:GBPJPY)  
faris.makki Updated   
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY LONG Elliott Wave brexit Momentum Indicator (MOM) wavethree riskreward
11
0
gbpjpy long elliottwaves brexit momentum wavethree riskreward
Momentum improving. After extended wave 1 and corrective wave 2.. It appears as if wave 3 has already begun, a couple of buy points seems sound, if 141.8 - 142.0 is broken and daily closes above, buy. Or buy at the support level 140.0 or on the 200 MA retest, the choice depends on your risk appetite and if the market is generous enough to allow us to buy at the support level again. Both cases the risk to reward ratio is sound
Trade active
Trade closed: target reached:
not bad it actually hit the target
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