Couldn't write properly because I was juggling entries on a small time frame as posting in this journal. I am in quite early, but if it breaks down the risk reward is smaller.
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The green dollar is giving us a run for the border. If it starts to fall, that helps this trade:
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About to get stopped out.
Trade closed: stop reached
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Re-Short!
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I am short again, but s small stop at 57 and 67.
USDJPY looking bullish now on the intraday. When it falls back down, I will buy the pullback, if it gives me tha opportunity.
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US CPI coming out. It is expected to be neutral; however, my prediction is that it will be neutral to positive.
It seems like I am short now, while the prediction is bullish and the chart just turned bullish. We are at the last string of my temporary bearishness of USDJPY.
The news will drive this up further. If it can pullback to 113.41, then I will be observing the market fora buy entry.
Trade closed: target reached
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Took some profit. Looking for a long position!!! but trailing the rest.