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TradeHuntFx
Jun 7, 2016 10:21 AM

USDJPY - Nice retracement, time to short Short

U.S. Dollar/Japanese YenFXCM

Description

After we saw a large drop in this pair following Fridays NFP data release, we are looking to sell this pair on the back of weakness in the USD. As you can see on the chart the price has entered our sell zone where we will wait for confirmation. Opening a smaller position now isn't a bad idea as we don't want to miss the trade.

Trade closed manually

Taking profits now
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