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richforextrader

Strong Oversold: Reversal/Retracement Expected.

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
richforextrader Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Oscillators Relative Strength Index (RSI) rsidivergence
3
0
trendanalysis indicator oscillator relativestrengthindex rsidivergence
There is a strong retracement possibilty on the 4hour chart of USDJPY. The market is likely going to jump from this point. The RSI is showing the clear divergence as well looks extremely oversold. 1-4% risk on this trade is worth it.
Trade closed: stop reached:
Stoploss hit. Trade closed.
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