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06/02/2009 GBPJPY Trade

Written by Hugh, on June 3rd, 2009

Long 1 (100) GBPJPY @ 5710
Stop @ 5650 (-60)
Target @ 5790 (+80)

There were several converging levels that led me to look for a bounce:

  • 38% Fibo retracement
  • Central pivot @ 5714
  • 5700 big figure
  • Channel top support

I was just looking for a quick bounce up.

I don’t have a chart available for this one but price reacted as I expected and I was able to close the trade at 5748 for a +38 pip profit.




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Category: My Trading   Tags: ,

This post was written by . His goal is to become a professional trader.