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Andyle
Jun 27, 2015 4:00 PM

A very interesting structure on UJ Short

U.S. Dollar/Japanese YenFXCM

Description

As seen on chart, UJ have some interesting reactions at parallel lines.
D chart and 4H chart still shows some upward strength so I think the price will follow the previous structure, go up, hit the trend line, show RSI divergence and start a bounce back. Detail on chart.
IMO possible entry at 124.150, which is near the trenlind and 50% retracement of the original bearish impulse.
Comments
moneymaking
Hey Andyle, great trade mate, hope you made some good pips on this one :)
Andyle
Thanks mate. Just a few pips :)
Daniel.B
Nice trade bro! Congrats =D
Andyle
Thanks mate
Deleted
yes very nice indeed!
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