- Significant changes in chart over the past 24 hours.
- Various longer term downTLs broken although not confirmed yet by closings (now at 91.80).
- Small long USD/JPY first (at 92.08 last night).
- Add to position upon break of yesterday's high at 92.40.
- Always clear and present danger that this is the near term top; USD/JPY is especially tricky in this kind of situations. Be prepared to look like a fool, be quick to abort if it looks like we will not close above the weekly downTL.
25 March 2010
USD/JPY : New Game Plan
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1 comment:
Stopped in long USD/JPY @ 92.38
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