2/02/18 GBPJPY

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Weekly Analysis – The market pair was initially trading in with a bearish momentum ( lower higher and lower low) till late 2016. As price action did not break previous structure low, it signifies a strong bullish possibility.

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Daily Analysis – Knowing that all trades have to be aligned with the bigger time frame, I waited for the market to break key level and retrace ( for better risk/reward ratio) and entered on a smaller time frame. This has brought me a trade with a 1 : 4.64 RR.

Side note: I might exit and not trade my trade once market hit my target.

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