Tuesday, October 16, 2012

USDJPY Long Trade

I am watching this triangle from past few trading sessions. Details [here]. I was expecting this triangle to break to up side and finally its about to break. 

Price has crossed 100MA and triangle upper trendline and is near to 200MA. A daily close 200MA & trendline will be very bullish.
myfxvoyage.blogspot.com USDJPY Long Trade

Previously I went long around 78.05 figure on horizontal resistance area. Details [here]. Currently my long position is very well in money and I am adding one more at current prices 78.80.

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