- Monthly shows this contract has habit of going one way once it reverses direction.
- Weekly : Last week's huge black candle confirmed trend reversal.
- Daily : 25.56 low thus far after the recent reversals. Now at 27.55. Pattern is that of a bear flag (calm before next storm). SELL for objective in the low 20s.
3 comments:
USDJPY has a good rally for the past few days. Do you still believe that USDJPY will fall? May I know why?
I hope you will answer my question because I have high respect for you.
Not sure. I am inclined to think after this bout of QE2 profit taking, the previous prevailing trend for lower USD will re-assert itself. But sure feels like I am wrong.
Thanks for your reply.
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