At the end of last month, GBP JPY and CAD JPY had similar setups on their Daily and 4H Charts that could have given the sharp-eyed trader 100 pips on both. Both were moving withing Consolidation patterns on their respective Daily Charts and gave signals to indicate entry was possible on their 4H Charts.
The GBP JPY was in the process of forming the 2nd Support point of its large Pennant on the Daily Chart when it gave a bullish U-turn signal. This was a sign of a pending rally to Resistance and …
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