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02-02-2017 | USDJPY TRADE UPDATE

Hello my fellow community members,
This post is an update to my yesterday's blog entry regarding the USDJPY SELL TRADE . We had sold the pair with stop-loss above 113.66 and target at 112.35. The target has been achieved today. The trade ended with 89 pips profit.
USDJPY HOURLY CHART
From the chart it seems like one may get another opportunity to enter this sell trade near 113.00 levels. Stop-loss needs to be kept above the falling trendline.
Happy trading to all.
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15 OCT EURUSD

Last week on 13 oct we talked about EURCAD as it had broken lower from a rectangular pattern and the target on the downside was give 1.45000 and 1.44000 respectively. Although our first target was achieved easily but for second target the market closed just about .0007 pips away. Till now we have gained 193 pips approximately on this trade setup and we had risked only 68 pips. It seems to be a very nice set up. From here I expect price to rise a bit and we can see some profit booking this week b…
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