The pair broke up out of the corrective structure in an impulsive manner enough to confirm short term direction change so buying after smaller degree correction next week looks good now.
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코멘트
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코멘트
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can still long for a R/R of 1:2.45
코멘트
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코멘트
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would be watching 104 area very closely now, a break and we may get a long term trend reversal and a huge trade to the upside.
코멘트
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코멘트
BrokeButBold
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piphunters
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happy trading next week
piphunters
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we will need a clear and sustained break above 104 to decimate the big down trend, let's see if the NFP can do that.
BrokeButBold
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i am really bad with breakouts, whats at 104, can you please teach? thanks
piphunters
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104 area is roughly the top trend line of the current larger degree down trend
BrokeButBold
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so just trading above that is important or volumes also?
piphunters
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ya if we are going up obviously
BrokeButBold
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ok, thanks for the reply, but i am still the worst breakout trader. XD
Najib13th
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hai mate.is there anyone know if this pair has same coleration with GJ????is that mean GJ will keep bull to??
piphunters
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Yes you can expect GJ to trail it nonetheless but if GBP weakens more against USD than JPY you can expect GJ to be pulled back and whichever currency is most weak against the USD will decide GJ direction.