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faylee
Apr 15, 2017 12:08 PM

Mid term long Long

U.S. Dollar/Japanese YenFXCM

Description

Estimated Entry:$108.2-107.8
SL: $105.98
Tp1:$111.9
Tp2:$116.66
Tp3:$120.8

Trade active

My 1st Entry at $108.311

Comment

UJ also make sense,70+pips already. just hit my tg of today.
meantime i shorted gold from1294.7,and still holding.

Trade closed manually

I took profits for both UJ and Gold already.
meeantime longed Gold from 1282.
Gold possibly have one more leg up and UJ has not yet seen the bottom, that's wait for next estimated entry $107.8

Comment

UJ is facing the important resistance now, will retrace soon, likely going to test $110 support level and choose the direction there.

Comment

Tp1:111.9 reached. today's high is 111.916

Comment

two possible way.

Comment

The high $112.3, likely will move the way brown dot curve show. see the chart upstairs, once the 4H bearish div. take place.

Comment

Updated wave count and fibo table

Comment

Daily chart update: strong resistance at $115-115.5, support at $112

Comment

1H chart updates:UJ has more room to retrace.

Comment

Retrace wave c just started

tg:$111-111.2

Comment

target $111 reached! possible will bounce to test $111.78-112,then continue to drop for wave 5 tg: $109.6-109.3
Comments
laksili1
excellent analysis, thanks faylee
robus
yuhu
tcp007
Nicely done, Fay! Working as you expected.
Roncriss
This idea is actually happening now.Nice
RoboCash
Hmm, I think UJ can go down to 106.50 area (61.8%) Unless it closes near 109 area (50%) then it's a good signal to go long for pullback. Need to wait candle close today.
ananAh
i hope that
weichen2017
I think This is a good analysis. Keep up the good work.
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