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Saoldric
May 20, 2014 1:57 AM

eurjpy retrace trade Long

Euro Fx/Japanese YenFXCM

Description

divergence signals a retrace back to around 140.00 -140.34 at least.
Comments
Saoldric
140 target hit, price currently 139.35...... scaling into longs again, SL below triangle, looking to target the top of the triangle, the top of the triangle and maybe play another push back down, but we will see when price gets to wherever its going.
Saoldric
price has been respecting the nearest downward trend line nicely and we are approaching a major support level of the triangle. Which is why it looks like a great buy to me.
Saoldric
added another long position.
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