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The Yen Carry Trade Charts

 

From 1430 to 1455 the Yen strengthened, and the ES sold off. The two counter trend long trades fail.

 

 

Here is the 5 minute Yen chart. Remember the 15 minute chart is the more important trend chart. But this 5 minute chart is important because of the 1500 hours bar, and the reversal it shows us.

 

 

 

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