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salsapete
Dec 15, 2017 12:06 AM

AUDJPY Ascending Triangle Swing Long

Australian Dollar/Japanese YenFXCM

Description

Idea is for the Aussie to gain on the Yen , within the triangle structure.

The target is the .618 fib retracement of prior major swing low.

The point of invalidation is a daily close beneath the prior minor swing low.

Entry is upon reversion to the 13 EMA.

Risk reward is favourable.
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