We see a nice wedge forming. Is it possible to that the existing bullish trend line will break? If the bullish trendline breaks we will see a nice reversal or breakout and it will be great for your account. Currently at a strong resistant area. Dollar showing weakness.
Trade active
We are still in the trade. Should support are 1.01 be broken, we will add more to this trade. It is called "pyramiding"
Trade closed manually
We closed at 1.01175. We are waiting for a retrace and will enter again at 1.02059. We will also short USDJPY on retrace.
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