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dewdew91
Jan 19, 2017 3:27 AM

USDJPY long Long

U.S. Dollar/Japanese YenFXCM

Description

The pair is in a falling channel and has made a trend like move near the top.
It has moved above the cloud and I will be looking for a retracement.
The 38% retrace lines up with the cloud and could line up with the 100MA.
My entry will be price action confirmation off this point with a candle that closes in its top 25%.
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