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SamKent
Dec 11, 2014 11:40 AM

EURJPY simple price action trading plan Short

Euro Fx/Japanese YenFXCM

Description

The EURJPY looks to be heading towards our well defined role reversal level at around 148.165, this level also coincides with the 50% measurement of the overall down move. Therefore, we're looking for some candlestick reversal confirmation at our level, after which we'd be short the market, aiming to get back to recent swing lows around the 146.800 handle.
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