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GOLDTREND-NET
Jun 15, 2016 8:41 PM

USDJPY - FALLING WEDGE Long

U.S. Dollar/Japanese YenFXCM

Description

USDJPY has consolidated in a wedge. Divergence is spotted on both MACD and RSI indicators. A break out of the wedge is due. Price is at support level. A long is recommend at support level or after price breaks out of the wedge.
Trade plan:
- Buy limit @105.50
- Stop loss @105.00
- Take profit @108.00

Stay Tuned.

Trade closed manually

Priced broke down. Trade closed.
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