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dtsdude
Jan 3, 2018 4:54 AM

USDJPY flag on M30 but nearing a support area 

U.S. Dollar/Japanese YenFXCM

Description

Could be a possible flag pattern trade here. A bit of consolidation/retrace in a down move.

However, we are so close to a support area on the H4 timeframe; I don't think this offers decent risk reward.

I'd have to see it clear below that support before considering a trade.
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