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amags
Nov 19, 2016 12:36 PM

JPY overextended into selling zone Short

U.S. Dollar/Japanese YenFXCM

Description

RSI divergence
Overextended
Strong resistance

Comment

Entered @ 111.01 on 1 min char bear flag.. immediately a few pips in profit lets see if she keeps going :D Very strong divergence.... double top..... selling zone .... this one is almost a sure bet lol

Trade closed: stop reached

Comment

i would reopen trade if it reached neckline/618 fib @ 115.5 area
Comments
SwingFish
very strong indeed .. even on Y1 chart it shows as a not so good place to enter ..
how far up you think its gonna go till getting smashed ?
i recon 111.52 .. but thats gonna be a bumpy ride from now on ... (well lets see where the gap will bring us)
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