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Trade Idea for GBPJPY-Potential Buys on 4H TF
Potential Bullish setup on the HTF for GJ. Price has been bearish, but it looks like GBPJPY is setting up for a potential reversal. If price can form support along 153.70, there is a chance that price can retest the new high that was created, or eve create a higher high to potential move towards 155.40
1. There was a strong range where price formed support.
2. Price broke out of the range and broke through resistance
3. Price created a new high
4. High probability that price can retest this level at 153.75 to form support then potential retest the highs during the London session or pre-NY session
1. There was a strong range where price formed support.
2. Price broke out of the range and broke through resistance
3. Price created a new high
4. High probability that price can retest this level at 153.75 to form support then potential retest the highs during the London session or pre-NY session
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