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Daily Forex Chart Art - Nov. 20, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBP/JPY: 1-hour This one’s so easy my three-year old niece could trade it while eating her cereal! GBP/JPY is on a rising trend line and is in fact on its fourth test this week. What makes the setup sweeter is that it’s also trading near a 100 SMA support around the time when a divergence has popped up on the 1-hour time frame. A long trade with a stop just below the trend line i a good idea especially if you aim for the previous highs. Read up on trading trends if you haven’t tried it yet!

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