I have just set up my analysis for USDJPY! I am waiting for a reversal pattern or exhaustion in price on this candle! I.E a 25% wick to be created from the candle!¬ I am also waiting for resistance to be hit and for it to go back to support!
If this candle brushes pasted my 2 trendlines full bullish we can expect it to go higher so i will get out the trade unless it reverses back into my trendline zones and back into the fib channel!
All set up ready to go!"
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I am not in this trade yet! sorry re read my description sounded like i was No I am waiting for candle to close!"
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Candle has broken both trendlines! so i am still not in any trades at the moment!
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if anyone took notice of this! you would have entered of previous candle close as it re entered back into out trendline you would be in profit! and move Stops to B/E