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LeoYao
May 28, 2016 7:52 AM

Two Potential Short Position For USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

Price around 110.7 and 112.1 are two potential price zones for us to take note and short if price action is good.

Comment

Reached 109.096 today. Around 200 pips earned.

Comment

Continues to drop to 108.832 today

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now it's 106.538, Around 450 pips earned. Nice one.

Comment

As it's approaching previous lowest point, please take 1/3 profit at least.

Comment

Maximum around 480 pips from 111.2 to 106.4. Maybe it will drop more after today.

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If can break 106.4, it will drop more, means we can win more for the rest of the positions.
FOr those did not take any profit previously, you can take at least half profit here. :) Cheers.

500 piips so easy.

Comment

keep your eyes closer on 106.4. If break it, hold your rest short position.

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as i said, hold it. today lowest hit 105.739, 580 pips earned.

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105.629, 591 pips.

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let's play a game, regardless of the market, once hit 600 pips we take all our remaining profit. how do you think? lol. I will do that.

Comment

today hit 103.5, 801 pips earned if u inside. I took all profit at 600pips for fun as I said yesterday.
Comments
Dps
I'm still holding..
LeoYao
nice
FxLoser
I am already long
Target 110
LeoYao
Can try it. :)
FxLoser
what is your position? still short or booked profit and go long? Target?
LeoYao
keep my rest of short positions and take more than 80% of the profit as i do not know how the market will react to the brexit.
xialinguo123
Good!
EricDelacrausaz
Hi Leo,
One must really have patience in trading. Since my account was not ready to take this idea, do you see this pair going long? :)
LeoYao
Hi short is more profitable than Long for this pair before Japan takes any action
seavniv
nice job :)
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