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OdoFx
Jan 17, 2016 11:17 AM

Possible Long Long

U.S. Dollar/Japanese YenFXCM

Description

another DiNapoli DRPO possibilty to enter long when next (or within 2-3 days) candle close above 3x3.
stop on close (not penetration) below 117.21.
if closes below 117.21 enter short (in many case when DRPO fails it fails miserably. it means there is a chance for nice move down)

Comment

watch closely. daily bar will close above 3x3 probably. enter on first retracement or on close bar.
target 50%fib

Order cancelled

daily bar didnt close above 3x3 MA so order is cancelled
another close below 3x3 opens more space down - >> shorting here
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