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preyes
Nov 28, 2013 1:01 PM
Resistance With Divergence
Short
FX:USDJPY
60
U.S. Dollar/Japanese Yen
FXCM
Description
⋅
Nov 28, 2013 1:01 PM
After a long rally upwards price meets a decent resistance level with stochastic divergence. Price also formed a pinbar indicating bearish momentum. A good target for a trade here would be the most recent low around the 101.900 level.
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