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kiwiwalnut
Dec 9, 2016 5:35 AM

USDJPY Hold Your Shorts Long

U.S. Dollar/Japanese YenFXCM

Description

Don't be too eager yet - opportunities aplenty to short this. Only thing is - not yet. Wait for PA to test 116 level first before shorting this pair.

As far as swing trading is concerned - can look for longs on big dips until going short around 124.3 if 116 is broken.

I'd rather miss 'best' entry at the very peak of reversal than taking a loss

Comment

Can try shorting anywhere above 116.0. Maybe 116.1 ~116.3 for a small retrace to around 114.8 around. If so, safe targets above 115.0

Comment

Booked short profits @ 114.95 - wait and see for more development. Proby should of moved SL to entry and wait for US open today to if there are any further drops. Starting to see a little more on Trump's presidency style...

Trade closed: target reached

Update in new chart as PA is blocked by chart
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