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EUR/JPY

EUR/JPY

2010-07-19 15:03:00
Thomas Long, Course Instructor
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That means a downtrend and to look for selling opportunities. The use of support and resistance can be of great help in identifying our entry and protective stop level. Traders could sell on a move down through the 110.668 low and place their protective buy stop above the 113.411 high. Target to take profits should be set at twice that risk for a 1:2 risk:reward ratio.

eurjpy 0719

 

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