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Cenotaph
6. Dez. 2016 07:51

PoundYen short setup  Short

British Pound/Japanese YenFXCM

Beschreibung

This pair has met long term trend resistance at around 146 price level where it bounced off. There's div as well that signifies likely reversal. Enter early as shown, or wait for it to break the next trend support line.
Tomorrow Brexit related news that can strengthen yen due to uncertainty.

Good trading all

Trade ist aktiv

Kommentar

moving down a bit fast, dont be alarmed when there's a pullback

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If it breaks here, i expect more up again

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I'm a buyer now, cashed in on the short. Took this long trade

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buying more of this pair

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buying is done, looking for shorts.

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Buy till Monthly R2, watch the resistance area at Weekly R2 pivot!

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Once it reaches that Monthly pivot,sell it
Kommentare
Pter
Thank u for sharing Sir.
Have a nice day.
Pter
Thank you so much ,sir.
Looks like we need to wait Supreme Court??
Have a nice day.
Cenotaph
@Pter, I'd rather see it move down before the news hits. Around news events there's a decrease in trading volume that causes the spread to increase meaning you get filled much worse.
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