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U.S. Dollar / Japanese Yen
Long

USDJPY (5/5/20)

By andreaaajocelyn
Updated
UJ has cleared previous liquidity and expanded to the upside, breaking structure, confirming beginning of uptrend. Expecting a mitigation play off of the 50% of the IC.
Note
I couldn't publish my re entry bc it was based off the 1 minute TF and tradangview's quality wouldn't good. I got stopped out because of spread but I re-entered in the lower time frame (1min). I analyzed my point of interest (Insitutional candle) and imbalance, also my fibonacci was my last confirmation, mitigating precisely off the 71.0 - 78.6 %. No drawdown and trade is risk free.
Note
I am not a financial advisor. I am purely doing this so I can track my progress in trading in light to have breakthroughs, learn from experience and share on how I have been taught to view the market.
Trend Analysis
andreaaajocelyn

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