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khansalarehsan

A great opportunity to go Long USDJPY

Long
U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)  
khansalarehsan Updated   
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
USDJPY Long
Comment:
Target removed for now. I expect a lot more :)
Comment:
Reasons for removing PT : 1) completion of inverted H&S on Nikkei. As you know YEN and Nikkei usually moving against each other. Now Nikkei heading up means we have cheaper YEN which is good for our UJ long trade. Right? see the chart below
snapshot
2) See the false breakout of the lows folowed by break of the other side of the key resistance level. Good for UJ Long trade. Right?
snapshot
Comment:
Nice breakout of the H and S on Yen futures too. Cheaper Yen is what we need for our UJ long trade. Right?
snapshot
Comment:
According to this post, target filled but as mentioned yesterday I removed the PT. Target moon lol
Comment:
You know I did not exit UJ. Such a huge momentum for Nikkei that even did not retest the Neckline. Weak YEN and of course with stronger Dollar UJ is a big bull
snapshot

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