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- At Pivot, price consolidated and recover. Go Long at this level. SL at 184.70. TP at R2

- Or, at S2, price broke through strongly. Short at this level. SL at 184.95. TP at S3

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USDJPY has had a retracement. Wait the pair to break above 121.27 levels to enter for a buy position for a 1:1.5 risk to return

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The GBPUSD is attempting to breakdown this morning. However, price found support at 1.5105. A breakdown below this value, would be a bearish scenario.

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US Dollar may be readying to turn higher against the Yen as prices trace out a triangle formation. Waiting for a pullback to start looking higher again.

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At Pivot, price weakening. Short at this level. SL at 183.80. TP at S2

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This fx pair is in a downtrend move since 16 FEB . A strong support at S1 together with the downtrend trend line it gives us a signal to go short on this pair.

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March 30, 2011 at Meatheads

Papier / Acryl / Öl

80 x 60 cm

USDCAD is approaching to a main support level, I will be buying at support expecting price to bounce back to previous highs

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Price has retraced to 62% which is also S/R looking for quick short position

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The Australian Dollar may be readying to turn lower against the US Dollar as prices trace out a head and shoulders formation. Waiting for a breakout below 0.7155 to start looking lower again.

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Buy USDCAD as the pair retraces to demand area + overlap fibs

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- At Pivot, price consolidated and recover. Go Long at this level. SL at 116.50. TP at R2

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- At Pivot, price weakening. Short at this level. SL at 120.20. TP at S2

- Or, at S2, price stop falling and recover. Buy on reaction at this level. SL at 119.20. TP at Pivot

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GBP/JPY is currently in a range. It’s a good Buy when MACD ticks up from below the centerline, with a target around below the R2 area.

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The fx pair is in an up movement and a correction is still on at the moment. At the Daily TF no change. The next up movement is waited. The move will begin when it will worth to buy for these players. On H8 after the yesterday move a divergence formed in a good level which means this is the right TF for the next move in the correction. The big question who is in correction...? a) or b) version? Or maybe the correction is just ended (question mark). The problem is also H2 does not add to much to the view. In the next few hours a lot will be decided. To trade: if S1 fall right away than version a) or b) is on. If S1 won’t fall than range between R1-S1 (or maybe the question mark way) is on.

Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts

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EURJPY is forming a double top at a 61.8% retracement and also strong S/R area looking for a short position to find the low for the day

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EURJPY is in a H1 bearish channel and near a horizontal level previously broken (R1).

We expect a bearish reaction at the top of the channel on R1 to the bottom of the channel.

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The FX pair USD/CAD is currently in a uptrend on a daily basis. The movement has gone very far and forms on hourly basis from a downtrend. This Retracement can be traded intraday.

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