Monday, 11 March 2013

Short USDJPY and long USDX reaction line

I will be posting a detailed video on my revamped educational site this week as what i want to show you is how I have observed tops form around historical ML's. In the case of USDJPY we see an initial zoom through then a return to the black horizontal line at 95.80 then a bounce and so on until a pentration under the supporting line occours in the case of a retracement. I am not saying that USDJPY is going either way what I am saying is that there will be a period of oscillation around the black line which will include moves above and below the line. The idea is to trade this effect.

Below USDX ( link)

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