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ElPatron.Y
Apr 28, 2016 9:14 PM
#USDJPY I must be crazy, but this is worth a long!
Long
FX:USDJPY
1W
U.S. Dollar/Japanese Yen
FXCM
Description
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Apr 28, 2016 9:14 PM
Weekly in an uptrend channel. It has been retracing from a long climb and now it looks like the price wants to continue its journey.
At the moment the price is at support and the weekly bullish divergence is lurking
Comment
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Apr 29, 2016 6:21 AM
Looks pretty squezed now
Comments
Marvin
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Apr 28, 2016 9:17 PM
Agree. Saw the R/R potential this morning and longed it.
Ichimoku_Trader
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Apr 29, 2016 11:49 AM
Hi,
It seems that you are assuming the lower level of your channel?? Isn't that dangerous?
ElPatron.Y
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Apr 29, 2016 11:50 AM
Can you show me a chart? I don't get the point.
Ichimoku_Trader
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Apr 29, 2016 11:51 AM
Yes, look at your chart .. above
ElPatron.Y
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Apr 29, 2016 11:52 AM
Lower trendline in channel is the support. Why would that be dangerous? I always use candlestick patterns for entry.
Ichimoku_Trader
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Apr 29, 2016 11:52 AM
how did u decide on that lower trend line?
ElPatron.Y
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Apr 29, 2016 11:53 AM
Can you see the potential high spin doji? With the massive bullish div?
Ichimoku_Trader
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Apr 29, 2016 11:54 AM
ok
thank you but you don't seem to get my point
I wish you the best
ElPatron.Y
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Apr 29, 2016 11:58 AM
I do get your point, this channel lower line has 3 touches excluding the one now. So that makes it a valid trendline.
Ichimoku_Trader
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Apr 29, 2016 12:02 PM
hmmm
Where are they? I can't see them
Maybe you are referring to the one that doesn't have a swing after it?
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