Japanese Yen (6J Futures Contract) show that we are at lowest level since 2009.
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japanese yen[/caption] As you can see, we have a very nice buyers resistance at 0.010070. will 6J keep losing value in long term? Can't tell you, but what I can , it is a great opportunity to trade 6J. What I'm Looking for now ,is buyers taking this opportunity to bounce at this level, and retest Sellers Support. [caption id="attachment_6397" align="alignright" width="300"]
japanese yen[/caption] Since, most of the time Sellers was in Total Control, I suggest to trade Yen on very short time-frame. For now I will use 60minutes chart. After Buyers showing some good momentum to keep moving Long, I'm looking to see buyers take a break, and let sellers bring price at 0.010130 - 0.010110 . At this level , we should have a nice trade Long. My targets will be 0.010148,MA50 and my 2 Red line. To take trade long, sellers should not close under any of my green trend lin [...] day trading course
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