This chart has knocked on the 4hr resistance level every hour in the overnight.
They Yen appears to be mimicking the same pattern it went through in July. Even bouncing off the same levels. If it continues the level hit by USD/JPY (109.299) during that same time in July in my opinion will be met. After it hit.. we went down. After Yen hit.. it went up. That which has happened will happen. Keep in mind this is a 4hr chart, so this is going to be a patience and money management test. Especially if you sold early. As I did. If your account is in peril.. Hedge if you can.
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They Yen appears to be mimicking the same pattern it went through in July. Even bouncing off the same levels. If it continues the level hit by USD/JPY (109.299) during that same time in July in my opinion will be met. After it hit.. we went down. After Yen hit.. it went up. That which has happened will happen. Keep in mind this is a 4hr chart, so this is going to be a patience and money management test. Especially if you sold early. As I did. If your account is in peril.. Hedge if you can.
When you feel like you HAVE to trade is when you least should!
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