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USD/JPY Trend Line Breakout with Bonus Confluence on the Retest
Good morning! No trader should be complaining about hump day when markets are moving like this. Open up your Vantage FX MetaTrader 4 charts and take a look at USD/JPY. The USD/JPY resistance level that we had been trading both sides of has broken out and as you can see from the two charts below, broke out of a flag too: I say it’s a flag because of the higher time frame bullish trend line that we have on the weekly chart but being so subjective, you can really call it whatever you want. For me, it’s all about keeping my levels as simple and obvious as possible so I can day-trade them after zooming in intraday. ... (full story)
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- May 10, 2017 2:34am May 10, 2017 2:34am
- KiwiOz
- | Commercial Member | Joined Sep 2013 | 12 Comments
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- May 10, 2017 4:21am May 10, 2017 4:21am
- Larshw
- | Joined Aug 2013 | Status: Member | 9 Comments
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- May 10, 2017 4:27am May 10, 2017 4:27am
- polbanda
- | Joined Sep 2010 | Status: Member | 39 Comments