Tuesday, 30 July 2013

Trade 1 - USDJPY - 30-Jul-2013

Based on candlesticks, the price has reversed under previous resistance and heading towards 95.50
Daily chart

We can see the same on 4hr chart. The support T5 is broken. We look to go short on any attempt of pullback.
4hr chart
Went short at 98.34 when RSI reached 60 with stoploss at  99.35 (previous day's high). Target is open at the moment
Hourly chart



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