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DLavrov
Oct 11, 2016 11:06 AM

USDJPY Entry Level Long

U.S. Dollar/Japanese YenFXCM

Description

Price bounces from Senkou B with RSI confirmation. DMI shows that we have range market, but rising ADX gives us a signal for possible strong up movement. We have to be ready open long trades above 104.20 using pending orders. Stop orders should be placed below 102.80. If price falls below Senkou B, probably we'll see down movement with target near 100 level.

The trading idea is based on Sunrise Trading Strategy. If you want to learn more about this strategy, please send me a message. I will provide you more information.
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