A few hours after my USD/JPY short sold trade was cut, I decided to re-enter. Instead of going short, I now went long since USD/JPY seems to have broken out of the downtrend’s resistance line in the 3-hour time frame. My entry price is 90.15 and my cut loss is 89.90.
Updates:11am 2-17. Moved my stops to my entry price of 90.15
Updates:7pm 2-17. Took profits, 35 pips up.
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USDJPY: It Isn't Correlated
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