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NQunlocked
Jun 10, 2014 4:53 PM

CADJPY, good buy Long

Canadian Dollar/Japanese YenFXCM

Description

We are sitting above a strong support line, expect price to reach the upper parallel of the gray pitchfork, once broken and closed above ---> price will reach the 0.95 ish area before it starts retracing (or going further up). Please check the chart for the target/ stop loss.
Comments
justatrader
I've been in this stupid trade for the last 2 weeks with price hardly moving above 94.055 being the resistance.
NQunlocked
yeah It is frustrating, look how flat that gray pitchfork is. I closed the position due to that, I will buy after a close of target 1 to the 0.95 area
justatrader
lol... Didn't realize that was a pitchfork.. Looked more like hor. supp/res lines.
NQunlocked
haha that is because its a modified schiff pitchfork, I don't use these very often, only when I see them get validated a lot, like the one above
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