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Below the updates, you will see the original charts showing buy/sell zones
Published 2/13/17 11:43 am central:
As an effort to show more markets that I watch/scan using my technical tools I wanted to share a potential setup on the Japanese Yen. Below you will see the Market Action Scanner levels as well as the MDA SnapShot for a 30 Min Chart.
Each market has its own behavior, and it is important to get a feel for a market before you jump right in and start trading, however, when you learn a set of technical indicators and develop an approach with analysis over multiple time frames, and are confident in the probabilities they create, it is a good practice to test our use those setups across different asset classes to open the door to more favorable trading opportunities. As long as you adhere to the same rules and risk management tools you use it may just open the door to more trading opportunities you have been missing. This also how you branch out as a trader.
This is an example of the Japanese Yen Setting up in a potential imbalance on a short term time frame.
For those who are not familiar with the Japanese Yen contract, here are the contract specs for your reference.
CLICK IMAGES TO ENLARGE
Yen Contract Specs: (found through dt pro help)
Market Action Scanner: Japanese Yen
MDA SnapShot: March Yen – 30 Min Chart
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