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mortdiggiddy
Jul 3, 2018 12:21 PM

Long to 111.30 Long

U.S. Dollar/Japanese YenFXCM

Description

Nice spike for whatever reason, not that far away now from the huge channel. TLT DXY SPY QQQ

Comment

Trade closed manually

Closed this trade manually at break even after Fed minutes. Not taking the risk.

Comment

Combined with the Month CAM R3 here... I see this rejection happening sooner rather than later.

Comment

Broke the 2 year descending channel in a BIG way today after consolidating beneath it for 2 days. Doesn't look like it's stopping any time soon.

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Broke through the big channel, Month R3, Month R4.. and now seems it is going for pitchfork completion at 112.85 near the Year pivot (thick cyan line).
Comments
mortdiggiddy
This trade actually worked out, didn’t have the patience though. Target reached this morning.
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