Market is not random but unpredictable
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USDJPY Tests Key Resistance Ahead of NFP
video The USDJPY recently closed below the 108.40 key level. Given the way this area supported the pair last November and December, the January 3rd close below it looked relatively bearish. However, the USDJPY retested 108.40 as new resistance on the very next candle. The lack of a “rounded retest” helped me avoid a short at 108.40. I’ve discussed the importance of rounded retests before. I even wrote a blog post on it using none other than the USDJPY as an example. See number one at the link above. Immediate retests like the one that occurred between the 3rd and the 6th are how false breaks begin. Sure, a ... (full story)
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- Jan 9, 2020 8:47pm Jan 9, 2020 8:47pm
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
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- Jan 23, 2020 6:09am Jan 23, 2020 6:09am
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Market is not random but unpredictable
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- Jan 24, 2020 10:39am Jan 24, 2020 10:39am
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Market is not random but unpredictable
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- Jan 27, 2020 5:53pm Jan 27, 2020 5:53pm
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Market is not random but unpredictable
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- Jan 28, 2020 10:30am Jan 28, 2020 10:30am
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Market is not random but unpredictable