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purpurato59
Sep 22, 2016 2:07 PM

Testing the zone Long

U.S. Dollar/Japanese YenFXCM

Description

This pattern has been testing the PRZ (potential reversal zone) and I am now waiting for my signal to long. I do like the fact that the lower leg touched exactly the channel of the pitchfork.
Even though DXY seems to keep on its way down, there are reasons enough to risk a position here. The stop may be placed on lower swing and profit goes at least to following pitchfork channel.
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