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karlvonsauer
Jan 27, 2017 9:21 AM

USDJPY short Short

USD/JPYOANDA

Description

level 116.21 is the 0.618 Fib retracement of previous wave
it is painting the double bottom now
i would probably short there
take profit - 108.00
Comments
sikander.taimoor
A) We shall have to see how the DXY behaves today Newyork session and tokyo session monday to be in a position to determine if the price will cross that resistance region
B) Japanese fundamentals suggest a cheaper yen how ever at the moment dollar is showing mixed sentiment
C) We need a clear sign from dollar to be able place this trade.
D) I went long when the price showed signs of recovering from the support region and at the same time dollar began to increase
E) Just closed my position with a profit :)
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