edwardsabi8

TRADE SETTING UP FOR A SELL

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
When you look closely at the chat you will see that there is a double top developing here on the 30min 15min and 1hour time frame around 109.75 if you understands the quarters theory you will know that around the .25 .50 .75 and 100 area price tends to find resistance or support. on the 1hour time frame if you look back you will notice that that area had hold strong quite a number of times. you can look for a sell there and place your stop at 110.00. or you can watch to see what price will do. if price breaks above 109.75 then if 110.00 will hold. my bais for the upcoming week is a price break down back to 109.00 or if possble all the way down to 107.50. In any case look for the push up first. nothing major in terms of news for the yen as for the usd tuesday has only one major release

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