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Trader856

POTENTIAL GBPJPY SELL - CONTINUATION OF DOWN TREND

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
Trader856  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Support and Resistance Forex breakandretest chart pattern Trend Line Break Fibonacci Retracement
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trendanalysis chartpattern supportandresistance forex breakandretest chart pattern trendlinebreak fibonacciretracement
This is an update to my previous post, where GBPJPY rejected off of the trend line and proceeded to fall. Now what we see is a retest of a critical price level which could soon be an amazing sell trade, given the fact there has also been a rejection off of the Fibonacci level. The TP would remain the same as my previous post. More importantly, having multiple confluences is what ensures accuracy from what I have experienced, so there is potential for this trade to have an excellent R:R.

*NOT FINANCIAL ADVICE, MERELY AN OPINION*
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