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GasperiniGS
Aug 7, 2016 9:15 PM

Counter trend entry for a TCT trade Short

U.S. Dollar/Japanese YenFXCM

Description

The market is on a heavy bearish trend, and the next support on the higher timeframe has not been tested yet. Given this circumstances, I immediately look for opportunities to go short. We look left and look for previous structure. Now, we may put a double top at structure giving us a nice opportunity to enter. However, if we continue higher, I will look for the next zone for a entry reason to go short.

Trade active

Double top completed.

Trade closed: stop reached

Let see if the market gives us an opportunity to enter in the "killzone 2".
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