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Thursday, 6 December 2012

EUR/JPY M30 Update + TPI

Rationale:

Very bullish setup but waiting for confirmation.

Entry:
(1) Long market now with tight stop in anticipation of impulsive take-no-prisoners wave 3.
(2) Wait for confirmation: wait for wave 3 high beaing broken , then buy market on high re-test.

SL:
Depends what scenario You have choosen.


Take care,
Seb


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