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Moshbi
Apr 6, 2017 11:10 AM

Double top and go down!  Short

U.S. Dollar/Japanese YenFXCM

Description

Hi traders, usjdpy recently made double top and after retest 0,618 fibo i want short. i want keep this trade longer i think it's big chance usdjpy will go more down to retest 0,618 fibo of the big swing (D1).

Have a nice day.

Trade active

Trade closed: target reached

first take profit was hit, stop loss moved to 111,25

Trade closed manually

second position closed
Comments
FXCM
I agree with your bullish view on USDJPY. Our trading signal idea is also of the same bias. We have found roughly support level at 112.67 which is also a horiozntal overlap support where we are expecting a bounce.
Additionally, Stochastic is also approaching resistance which backs up our bias.

Glad to see that we have the same bias for USDJPY


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