๐Ÿ’ก Trade Idea

๐Ÿ“ˆ Buy Limit GBP/JPY @ 142.95

๐ŸŽฏ Target Profit 144.29

๐Ÿ›‘ Stop Loss 142.51

โŒ Do not risk more than 1 % of your account on each trade

๐Ÿ™‚ Good Luck !

Description:

The price is a clear upward movement by posting higher highs and lows. Currently, it is trading within a wedge formation, and as per Elliott Wave Theory, we are in Wave 4. Our expectation is a breakout to the upside from the wedge and a move towards the 144.29.
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Risk Disclaimer: All trading ideas published by โ€œcollegeofpipsโ€ are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. โš ๏ธ
FibonacciFibonacci RetracementGBPJPYgbpjpybuypriceactionSupply and DemandSupport and Resistance

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