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Navigating Contrasting Trends for Optimal Trading Strategies
British Pound / Japanese Yen
Long
Navigating Contrasting Trends for Optimal Trading Strategies
By RaynLim
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Dec 3, 2023
2
Dec 3, 2023
The 4-hourly chart showcases a compelling Bullish 5-0 Pattern retest accompanied by an RSI Divergence.
While direct engagement in the trade is an option, I'm personally inclined towards waiting for a Bullish Gartley Pattern retest around 186.39.
This approach significantly mitigates risk while still allowing for favorable profit potential—a strategy centered on lower risk for higher returns.
What are your thoughts or trade plans on this opportunity?
Feel free to share below!
5-0 Pattern
5-0patterns
askforex100
Bullish 5-0
Bullish Gartley
checkback
Gartley
GBPJPY
Harmonic Patterns
rsidivergence
RaynLim
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