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trung.nguyenduc1708
Jul 12, 2017 2:21 AM

USD/JPY 12/7/2017 The correction wave in an uptrend 

U.S. Dollar/Japanese YenFXCM

Description

I think the price may be adjusted down before rising again
There are some signs of this

On daily chart:
- Gartley pattern appears
- Triple divergence of Stoch
- Shooting star at the resistance. However, this is a weak candle

On H4 chart:


We'll see.

Trade closed manually

I sold as soon as the price just broke the wedge
However, I noticed that buying power is still very strong
With 50/50 chances like this, you need to be safe
Return on capital : 0%

Comment

Price is in corrective wave
I Currently have no position this pair

Comment

Comment

Simple chart by price action analysis methods

On daily chart:
-Morning star appears
-If the pattern is correct then the target is at least 116

On H4 chart:

Comment

Stopping buyings position when the throwback price
The pattern does not work

Comment

Can be buy buying position again
The price was broken the channel

Comment

Although there is a nice set up but I cancel pending buying order
Looking to the other XXX/JPY pairs and Gold, I don't feel really okay
Comments
Jafx
hi trung there's a pullback I'm waiting on gbpjpy which I'm waiting to short from 147.2/4.
oil was a good buy I caught from 44, I feel like shorting it but waiting to see where the buyers will run out of steam hehe
a chart on both of them from you will nice ;)
trung.nguyenduc1708
@Jafx, GBP/JPY ,yes, maybe.But I look at the daily chart I have not seen signs of a trend change.I do not trade much.What I need is a clear reversal of trend, entering an order and hold it
trung.nguyenduc1708
@Jafx, Oil is hard to recover if gold falls.ok
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