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Lanmar
Jul 31, 2017 4:30 PM

Pivotal Point for NZDJPY Short

New Zealand Dollar/Japanese YenFXCM

Description

Look for shorts in the blue box, or wait for breakout below dual trendline. I think the risk will be unattractive if there is a breakout below the trendline and you'll be prone to a false breakout due to the strength of the level. Ironically, I think the risk is actually lower in the blue box even though the breakout is traditionally a more conservative entry.
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