EliteTrader101

GBPJPY tricks early longs and getting ready to explode

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FX:GBPJPY   Libra Esterlina/Iene Japonês
I was biased long all day because of the daily Morning star pattern, but I got stopped out with a sharp reversal. Now that I'm stopped out I know that it ready to explode to new highs! Longs were in maximum pain earlier today. You can see on the weekly that it's been accepting higher levels of balance before breaking out each time.
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