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GBPJPY Trade Analysis

GBP/JPY trade during the New York forex trading session on 

Using simple price action strategies, the GBPJPY trade produced +100 pips on 2 positions.  I will scale in to a positive trade, while a lot of traders will begin scaling out. While there is a lot of debate about scaling out, one thing is clear:  the math doesn’t work over time when a trader scales out of a winning trade.

Please watch the video for a quick overview and recap of the GBPJPY trade.

 

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