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SpaizThaGod
Jan 6, 2023 2:31 PM

EURJPY Long setup (Falcon strategy) 

Euro / Japanese YenFOREX.com

Description

Overall descending channel. Price gave us a third touch on the supporting trendline of the pattern, moved to with an impulse to the upside and gave us a continuation pattern (correction) to signal a buy entry. In falcon, price moves in two forms: impulse & correction. We had our first impulse and correction so we're now expecting another impulse to the upside.
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