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dubaiforexgroup
Oct 16, 2019 9:31 PM

long on the audjpy Long

AUD/JPYOANDA

Description

long after the break out of a big pattern and triangle formation complet

Trade closed: target reached

Comments
fiab
This was a great call :) but i've taken profits now
dubaiforexgroup
@fiab, I am out of the trade there is more potential to the upside but I think the correction will take time definitely ready for more upside when the price break the highs and show continuation pattern, I dont update trades here as am not into tradingview yet but thanks for the comment
fiab
@dubaiforexgroup, yea i dont want to tie up capital in a correction so thats why I got out too
dubaiforexgroup
@fiab, same here it does not make sense i do 2% minimum if there is more clear potential in my favor i would hold or take half and hold but if i see potential correction thats gonna take probably a day i would get out with 2% in pocket.
fiab
@dubaiforexgroup, my concern with this one is I see it has potential for another swing down as it looks set to complete a 3 swing move up and 4hr rsi showing divergence, or do you think it will just pullback and then move up again?

dubaiforexgroup
@fiab,

i think i will raise 76.5 if the break above the previous high happen then reverse back for correction which will be bigger then probably more high breaking above the 4 hours triangle.
fiab
@dubaiforexgroup, thanks for sharing your analysis!
QueenGina
I agree, I think it will happen in 2hr during NFP
dubaiforexgroup
@QueenGina, yep was great trade up 2%
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