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USDJPY Bounce on H4 Chart

Por exequorcapital
Atualizado
USDJPY could continue to trade inside the consolidation range between 112.200 and 113.320. We could play a short term bounce and go LONG from 112.200 with 3 Fibo Targets for Take Profits. Closing out 60% of position on a hit of Target #1, letting 40% ride. Then on a hit of Target #2, close out 50% of the remaining position and let other 50% ride to Final Target. Keep a tight Stop at 111.900.

Pending Buy Order at 112.200
Stop at 111.900

TARGETS
Target #1 - .786 Fibo @ 112.450

Target #2 - .618 Fibo @ 112.630

Final Target - .5 Fibo @ 112.765

Published on 10/11/2017
Trade ativo
Trade was activated a couple sessions ago.
Trade fechado: stop atingido
Chart Patterns
exequorcapital
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