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UnknownUnicorn73945
Aug 19, 2016 9:34 AM

USDJPY: Trading to the spike base Long

U.S. Dollar/Japanese YenFXCM

Description



See the above picture for Macro Analysis

Trade Setup:
-Trading to the spike base
-Double bottom pattern

Trade management:
-Will only be entering 1 trade with 1 TP
-Buy Limit placed @ 100.00
-Stop Loss @ 99.56
-Target Profit @ 101.065

A small note: I may be entering this trade a little early (reason for entering early is due to a more favourable R:R)
Once the blue trend line breaks that is a very good sign

Let's see how it goes.....

Comment

Has not hit the buy limit as of yet

Considering a market entry

Order cancelled

New Buy Limit set
around the 100.18 - 100.20 mark

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