GBPJPY BUY

There was big breakout that is currently correcting. I think it will bounce and go from the 30EMA which also lines up with a reactive support.

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Poor trade but now our support was invalidated we open a trade the other way on the retest as per my latest idea

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Every trade is good lose or win as lessons are learned if you implement strong self analysis.

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The reason i believe the trade failed is because the leg previously up already hit a strong 50EMA on the 1hr time frame and then because its a major downtrend there was a continuation

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If the leg up had not hit a 30/50/500 EMA and was in-between 2 EMA's there would have been room to capitalise on another leg upwards but that was not the case for this trade.

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-91 pips

UnknownUnicorn4584755

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UnknownUnicorn4584755