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VladimirRibakov
Jun 15, 2017 12:01 PM

EURJPY Buy Idea Short

EURO / JAPANESE YENICE

Description

H4 - Price is moving inside a range.

Currently the price is at the bottom of this range and we can look for buys as long as the range holds.

Two possible ways to enter this trade:

Conservative (H1) - Enter after breakout of the trendline.

Aggressive (H1)- Enter once a bullish candle pattern forms after the divergence completes itself, which will also complete a false break of the alternative trendline.

Protection below last low to be created.

Targets 1- Risk Reward 1:2

Final target - Top of the H4 range.
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