wildcreamlife

Similar movement, different asset biased by GBPUSD

Long
OANDA:GBPJPY   British Pound / Japanese Yen
Key points for entries (yellow lines). After been knocked out in this pair, we assume exactly the same theory from GBPUSD which target seems to be so far away and that's the reason I'd be looking for a set up and buy and hold, because the RRR will be incredible if we are right. We can use yellow lines with arrows to take short and long position. Anyway we have to consider that if we have a war or a real threat there's absolutely nothing we can do with it.

Target 1: 161.456
Target 2: 178.974


Have a Good Trading Week

Cream Live Trading, Best Regards!

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