Euro / Japanese Yen
Long
Updated

Reversal area on EUR YEN

Hi Folks:

Here's an updated view on this pair. The previous idea failed and triggered protective hedge (partial) once the descending channel was broken.

We are approaching EMA 200 on daily and we will probably bounce from there as we have had quite a fall already and indicators are showing oversold territory.

Cheers.

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Trade closed: stop reached
Idea has failed. New scenario, new chart coming soon.

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