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Proszi
Nov 30, 2020 1:53 AM

Short on Pullback | Strong Zone of Confluence Short

U.S. Dollar/Japanese YenFXCM

Description

Looking to enter shorts on a pullback retesting confluences:

-Ascending TL breakout, retest expected
-Respectable descending TL
-0.618 fib retracement
-Minor area of S&R
-MA50 supporting momentum very well

My ultimate target is the outlined demand zone (considering how many rejections it shown in the past).

Cancel trade if pullback never comes.
Comments
forexboat
Thanks for sharing. This our thought on USD.JPY:

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