Friday, February 7, 2014

JPY FELL BELOW THE USD INDEX - POTENTIAL LONG ON USDJPY

The weekly timeframe still shows the Yen below the USD index so the trend in the long term is still BULLISH. Alligator in the daily and 4hour timeframe shows the intermediate dip needed to start to plan a buy when the case presents itself.





My 1hour price action suggest a LONG after the break upside of an intraday swing at 101.77

My trade advice: I had my BUY at 101.81 to 102.98 stoploss at 100.73

I expect the trade to exit next week.

Enjoy!

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