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  • Vasily Trader

GBPJPY: Potential Trend-Following Trade Explained



Hey traders,


GBPJPY is retesting a recently broken daily key level.

On that, the price formed a double bottom formation with a higher low.

To catch a trend-following move, wait for a neckline breakout.


Your trigger is a bullish violation of 156.7 - 156.9 local structure cluster (you need candle close above),

then buy aggressively or on a retest.


First goal - 158.4

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