Friday, November 30, 2012

USDJPY Triangle Short Trade USDJPY Triangle Trade
That's on daily charts after zooming out a bit. Upper trendline is in place since April while lower trendline since Oct. 

On daily charts, price does look a bit over brought. 200EMA & 100EMA is towards lower part of the triangle. 

I plan to go short on touch of upper trendline. That area comes roughly comes around 83.25. 

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