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| GBPJPY H1 |
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Monday, October 22, 2012
GBPJPY Short Trade Setup
Pair GBPJPY is making out a channel on hourly chart. Price has started retracing back from the channel's upper trendline.
Looks like price is making out a double top on H1, H4 chart. On H4 chart looks like a doji candle. I am already short this pair from 128.05 and looking for 127.55/60 area for booking profits.
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