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joelkurien
Oct 18, 2021 5:24 AM

GBP JPY Short

British Pound/Japanese YenFXCM

Description

Looking for a short on GJ.
If it breaks the the lower trendline of uptrend and strong support zone, we will take a short trade on GJ.
Comments
MikasaSel
The support zone 154.649 comes from the past, resistance turned support, what about 155.140 ?
joelkurien
@MikasaSel, when we have only one lone as support, then it called support line. but if we had 2 support line together, then we called it as zone. hope you understand it.
MikasaSel
@joelkurien, yes I got that but how did you determine 155.140
joelkurien
@MikasaSel, In june 23, there was a great move which makes a resistance and support line. so 155.140 is a resistance line in that date which gaves us faster move. hope now u understand it
MikasaSel
@joelkurien, awesome, sorry I did not see that here, checked that in MT5 and it makes sense!
joelkurien
@MikasaSel, dont say sorry. i am happy to answer your questions. Thank you so much
MikasaSel
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