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yurezstrik
Sep 20, 2016 8:42 PM

USD JPY - in the triangle. Waiting for the breakdown. Long

U.S. Dollar/Japanese YenFXCM

Description

The Japanese yen is still clamped in the triangle (green). Additionally, a new consolidation in the form of a triangle (blue). breakdown of the top and consolidation - a good signal to buy.
Downward movement is also likely with a smaller share. In my understanding it is very dangerous to trade - do not recommend shorts.

Trade closed: target reached

No wonder - how did the tail down Market before reached the goal. Who got the stop loss after the first breakthrough needed to re-enter long on the same level. ylo it is a good idea.
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