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Ometrading
Sep 24, 2017 10:35 PM

Correction setup-CHFJPY Long

FX:CHFJPY240
Swiss Franc/Japanese YenFXCM

Description

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Price has been correcting in the last candlesticks after a big bullish impulse.As we see, 38.2% fibo retracement has been rejected. Also, price is above MA50.
We should wait for a bullish breakout to open a long position.
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