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Euro / Japanese Yen
Short

EurJpy possible 350 pips move !!!

By kioi254
Updated
EURJPY
EurJpy has retraced to the level i had previously highlighted.I'll now be waiting for a decent bearish signal between 128.9 and 129.5.This signal should be on the daily or H4 time frame. Profit target will be its current swing low which is 126.9.
Note
Price is now at my selling level. I will now wait for a decent bearish signal to go short.
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Price is yet to form a decent bearish signal. This trade might go down without me since it has already started moving downwards. Either way i'll wait for a decent sell signal.
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i am not in this trade since no decent bearish signal formed. But it seems to be going down well.
snapshot
Note
If daily bar closes as it is right now i will be looking to sell this pair.
As for now i wait and see if today's bar will close as a bearish pin bar.
snapshot
Multiple Time Frame AnalysisSupport and ResistanceTrend Lines
kioi254

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