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stevenwee
Jun 2, 2016 5:24 PM

EURJPY Descending Wedge Breakout Short

Euro Fx/Japanese YenFXCM

Description

Looking to sell the EURJPY if daily manages to close below SNR zone. Wait for a retracement on the next daily to enter a sell. Entering a sell at the moment the daily closes will give a poor RR ratio.

Tp is set at previous SNR zone but prices may go lower into the 1.618 fib level before any corrective structure occurs.

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