- Previous attempt to go long USD/JPY stopped out on 08Apr10.
- However, technical reasons to be long from back then still valid.
- Monthly : DownTL broken in Mar10 and looks like will close above again this month. Buy.
- Weekly : SHS bottom. Back and forth around NL at 93.76 a few times and hovering just around it now.
- Trade : Just went long at 93.85 in a single lot, purely for "intellectual DIY" as per fabulous Fab. SHS bottom could still perform, albeit a contorted version.
- Will think about doing a serious trade only if we get above 94.74.
27 April 2010
USD/JPY : Revisit Weekly SHS Bottom
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1 comment:
Bought another lot at 92.98.
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