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U.S. Dollar / Japanese Yen
Long

USDJPY

By Nardobanks
Updated
Long Term
Note
I should have stated that if we had gotten a breakout retest and continuation taking out the last high the go long.
Also i have now realized that there was in fact a counter trend line (C.T.L) present and in addition price action (P.A) has manged to break out retest and continuation taking out the previous low a short trade would be valid.
Note
Even thought this is a loss lesson learnt always trade what you see and not what you think.
Note
What i should have done is draw the pennant and allow the breakout retest and continuation the take place in whichever way.
Note
Lesson learnt.
Trend Analysis
Nardobanks

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