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olly_price
Jan 23, 2016 12:11 AM

TRYJPY cypher pattern Short

Turkish Lira/Japanese YenFXCM

Description

Despite the fact that I have noticed this pattern slightly late, it is still within what would have been my SL had I noticed the pattern, so I am more than happy to follow its movement.

I am of course bearish on this, which falls nicely with the high RSI reading 0f 66. I also have no fundamental reasons to think be ST-MT bullish on the Turkish lira.

Trade closed: target reached

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