GBPJPY Looking to buy on breakout

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GBPJPY has been confined within a significant trading range, oscillating between 184 and 178 for an extended period of nearly one month.

Currently, there is a noteworthy attempt to breach above this range, marked by a bullish signal on the charts, particularly evident in the presence of a failure swing.

Our strategic approach involves initiating a buy position upon a breakout above the key level of 184.615. In order to manage risk effectively, a prudent stop-loss placement is advised, set below the low corresponding to the observed failure swing.

The envisaged targets for this trade exhibit a promising potential, with a range spanning from 300 to 500 pips at a minimum. This projection is grounded in a comprehensive analysis of market dynamics, aligning with a disciplined and informed trading strategy.

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Giao dịch đang hoạt động

Triggered

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Ghi chú

Running in handsome profits <3

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Ghi chú

Target Hit