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TAS_is_Goliath_Capital_Growth
Mar 30, 2016 9:11 AM

USDJPY Long at retracement Long

U.S. DOLLAR / JAPANESE YENICE

Description

After the triple bottom price retraced to the 61.8 fibo and is now on the way up.
CORRELATION
1-61.8 FIBO
2-S2 daily
3-hight probability move up

PAIR CORRELATION
GBPJPY +90.9%
EURGBP -86.6%
Don't double your risk by entering on correlated pairs

Trade active

Entered on my trigger

Comment

Price still ranging around entry price, I'll close the position before the NFP news

Comment

Had to drop SL below S3 after the news. Still expecting price to rise

Comment

Will ad to position if price confirms bounce of the s3 pivot point
Comments
TFrank_1
Interesting analysis, I agree with the order you place at this time.

But is there more to your analysis?
TAS_is_Goliath_Capital_Growth
Is there more? like fundamentals? what do you mean? The more I see is that there is a longterm trendline and price is atracted to it, after the tripple bottom I'm expecting it to move twards the long term trendline.
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