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vj20_fx
Jul 30, 2017 8:43 PM

Retracement to support level Long

U.S. Dollar/Japanese YenFXCM

Description

After a strong bullish move from this pair, it has formed a ‘falling wedge’ chart pattern. It has now retraced back to the pattern and a string support zone so I expect a reaction.I am waiting for price to touch my support zone first before taking a long position. Once it touches my zone, I will be looking for further confluence such as candlestick formations indicating bullish momentum.

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