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Technician
4 de Dic. de 2013 11:19

USDJPY: Time for a Correction Corto

U.S. Dollar/Japanese YenFXCM

Descripción

Update: first target hit, moved stop to break-even
Closed first half at first target= +90
Closed second half at 102.11= +74

An outside bar on a test of 1.618 extension level and potential reversal zone for a bearish Crab Harmonic pattern. The pattern's target is near the 38.2 retracement level at 101.00. A more conservative target at the low of the outside bar at 101.96. A break above the high of the bar may negate this setup.

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Comentarios
tntsunrise
very nice pattern!
Technician
Technician
Technician
I prefer to close my short term as price has broken-out of an hourly falling wedge.
Technician
**close short position
AncientM
But price is still in that range....i.e. ups and down without any directional run despite of the yesterday's good US data!
Technician
Yeah, but my stop loss was at break-even for the second half, so it was going to trigger stop.
I am biased to hit and run mentality :).
huntingsniper
Very good early warning for Friday's big jump!
huntingsniper
I like this technique
beavendavis
thanks but what about now ?
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