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EURJPY 60 Minute Chart Analysis March 28th, 2017

Monday, March 27, 2017 22:41
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Screen Shot 2017-03-28 at 06.44.06

Hello traders good to be with you as we look at the EURJPY for a possible short trade. OK let us take a look at the chart we are looking for a pullback to the 50% Fibonacci level at the entry price of 120.50 with conformation. We will look for some weak candles sticks as we expect the bulls to become weak. The trade down is not going to be easy as the price action left of the chart is full of junk so be patient with this trade. we would like to take profit at the support take profit level of 119.45 for some very nice profits. I would consider to place my stop at the price level of 120.75 for a 25 pip draw down.

Thank you traders and we will talk soon…….William


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