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Bou_zid
Sep 29, 2013 11:58 PM

UJ updates 

U.S. Dollar/Japanese YenFXCM

Description

HI,
Friday closing bell was very full of information about what would happen if the big bleu trend line was broken .
pre-market opening was noticed by a big gap almost 0.50% down and put the price under the first suppot 1 as mentioned in the chart.
it seems to have a bearich biais over that currency ,so if the price still traded unders the first support so we can aim to reach the 96.81 ( t forget this is a deja vu situation, of a gap opening) elswhere the high the dolalr can reach is the bleu trend line which is the new resistence.
dont hurry up to trade, wait until clear view of a red or green candle is set up under the support of 97.75 for selling sides and above the support until the 99;16 for buyside ppl.

trade safe
Comments
Bou_zid
as i said before; dont be on a hurry to take any position. as you everyone can notice the bleue trend line is wokrin as a resistence. let's see the next formation after the doji to enter a short position of a break of that line to go long.be patient.
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