this is not a trade recommendation..........Use your own risk image image

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trying UJ short from 108-50-60

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I am risking this NU long from around 0.7230..........with tight stop..........only chance for this to survive if the price traded above 0.7245

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I think UJ is looking for a R higher than 108.50...............or another retest.............let us see

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NU broke through 0.7240 but setting at the the next nearby S of 0.7220-30 trading below that is not good for Long direction.....and above long still viable option

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Looking to buy NZDUSD from 0.7240-50....................if 0.7240 is broken I will re-asses the condition

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On monthly chart although what you are saying about R is right ......but Monthly time frame is wide in terms of range............. so it is difficult to detect early sign of reversal or break on such a wide range of pips.........and that is why ...

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For all the bars on your chart for any currency pair...............2 successive bars in opposite direction will fit in one of the following categories: 1- Yes/No 2- No/Yes 3- No/No 4- Yes/Yes for each there is a meaning I will explain later on

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first..........Entries for UJ and USDCHF are right in the direction of the trend EU entry against the trend direction it is not wrong to take counter trend trades but you should be more careful for EU I am not sure which bars you were taking for ...

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image My advice stay away from this broker

Do Brokers Ever Give Refunds For This?

many ways to do fixed target or important R/S level but always keep profit at least double your risk

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you are right my friend

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UJ 107.50 was my target.........an important monthly S............if this broken a substantial drop could happen this day

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UJ missed my target by about 10 pips ............not a big deal..............I know it will hit but later on............not worth it to risk my profit on this 10 pip

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UJ mostly down to 107.50 before pulling back

USD/JPY Discussion

Looking to sell UJ from 108.50-60 preferably at 108.60

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yes this day it is all about EU other currencies will follow

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EX: UJ daily open 109.219 last 4 hour open 108.942 UJ at S 109.90-80 although UJ is down trend I can look for buy setups here especially after NY open....but if this break I will not be buying any more.........so think reasonably..........is it hard ...

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just cut your loss early and you will find your way out

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here is a trick...........most of the days direction is determined within 20 pips of the open price..............change in the direction mostly can happen in the following hours: the hour when Tokyo open,the hour when London open,the hour when NY ...

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