Tuesday, 20 December 2016

USDJPY: Sold:

 Logic:
Trendline Resistance in Daily chart at 23.6
If not resisted,it wont get past 11.9: resistance.
Reflected both at daily and weekly charts.





The trade is designed like 
execute shorts at 118.000 and place pending order at 121.700
The stop is 123.720.

The target 38.2 pullback falls at 61.8: 107.000

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