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DeGRAM
Mar 3, 2021 9:41 AM

GBPJPY fall from strong resistance Short

British Pound / Japanese YenFOREX.com

Description

The price is moving in an uptrend.
This trend started in October last year.
During the growth, the price broke through the strong support level. 144.64.
After that, she showed strong growth.
The price made a false breakout of the resistance at 149.26.
And returned back to the line.
I expect the price to fall at the support.
target - 147.71.

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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Comments
UnknownUnicorn15614419
Thanks for the work friend! I am a little worried about this false breakout last week. Don't you think it can happen again?
DeGRAM
@TradingStat, No, I thing the price go down.

Thanks.
Solldy
Your support line caught my eye! Can the price really break through it?
DeGRAM
@Solldy, Let's wait while price falling.
TradingAlchemist
let's see how it goes from here. for now it is overall bearish, until it breaks below last swing low.
DeGRAM
@TradingAlchemist, Let's wait and see.
Lingrid
if it was a signal, which stop loss would you choose for it? and how long to wait to close the trade?
DeGRAM
@Lingrid, SL - 150.8.
MMBTtrader
totally agree

valid trend line and thanks for sharing
DeGRAM
@MMBTtrader, Thanks for the words.
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