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Exercise-Discipline
25 feb 2017 20:34

EURJPY LONG: Bullish divergence on 4H chart Long

FX:EURJPY240
Euro Fx/Japanese YenFXCM

Descrizione

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Bullish divergence.

Some political risk premium is being priced in to EUR,

However fundamentals for EUR remain strong vs JPY.

Furthermore, I believe the recent JPY strength is due to Japanese profit repatriation and fiscal year end flows, rather than true risk aversion.

This is a GREAT trade for the long term. I may hold this until we see 140.

I will scale in if it goes lower.

I think it will play out after February ends.

Commento

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Working well

Commento

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Nice, take 30% profit now

Commento

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Nice, take another 30% off
EURJPYeurjpylongEURjpy
Commenti
Bone-Collector-444
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Though abit tricky, may fall to 116 before up
Exercise-Discipline
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@griffin1989, Yep maybe. I will buy more at 116.
Bone-Collector-444
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@TanayUK, have decided to buy at 118.000...good luck to all of us
Exercise-Discipline
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@griffin1989, Hope you bought some of this mate
Bone-Collector-444
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@TanayUK, i did pick my buy limit unfortunately...will wait for the bigger picture and buy at 116.000...looking to short usdjpy as i wait to buy both down there
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