USDJPY Daily |
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Monday, October 8, 2012
USDJPY Triangle
USDJPY is finding difficult to hold on to gains above 100MA & 200MA. See previous post [here]. There's another way to see the price action i.e. triangle formation.
Pair is making a triangle formation on daily charts and price is getting rejected from 100MA. I think the pair will break the triangle upside and I am trying to build a long position on every dip.
Subscribe to:
Post Comments (Atom)
Related Post
loading..
No comments:
Post a Comment