USD/JPY MONTHLY CHART ANALYSIS
September 4th, 2008
In this article, we see 2 monthly charts for the usd/jpy pair. Let’s see what we can analyze from comparing the 2.
We see mixed momentum indicators.
We see price being rejected at a 38 Fib and a 50 Fib area, and a previous swing low. Notice how this pair has done the same thing at this level that she did on a previous occasion. THIS IS POWERFUL!
This is a pattern discovered from years of chart study. If you place orders in these areas on any currency pair, your chances of success with very low risk to reward is greatly enhanced. You risk a reasonable affordable loss to begin building positions if and when the trend gets reversed there. Set a reasonable stop loss and take partial profits, then let House Money run for free as long the move lasts.
EASY MONEY…..
September 4th, 2008 at 8:41 am
Keep it here for this article. But that’s just this article. So, we randomly alternated between this article.
September 4th, 2008 at 11:32 am
Guess what? It’s about this article. ” Sorry, I just can’t help myself when it comes to quoting this article. That’s more than 30 years she’d had to come to a pattern about it.