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KISSTRADING
Aug 29, 2016 12:29 PM

Great Risk reward structure trade Short

U.S. Dollar/Japanese YenFXCM

Description

Just noticed this trade guys. I'm not taking it because it's not yet part of my plan but it looks promising so deemed it worthy of a share. The risk reward profile has the potential to be high.

Reasons: Big RSI divergence, Oversold RSI conditions, Doji reversal candle followed by good sized engulfing if current 15m candle remains as it is, Break of channel,we are at a strong resistance level, higher time frame trend is down.
Comments
SungPLM
tp was tooo hiigh
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