USDJPY, Buy Cup and Handle Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Feb 21, 2017 4:46 PM

Very evident cup and handle given a bullish signal

⋅ Feb 22, 2017 1:14 PM

The cup and handle seems to have been irrelevant, the channel is continuing and has crossed the MA, suggesting further downtrend.

Comments

TradZ

⋅ Feb 21, 2017 5:22 PM

Yes yes Yes! We shall go down a bit further before this rally takes place 2mrw.
Nice illustration by the way ;)

Tomguim

⋅ Feb 21, 2017 8:37 PM

@TradZ, thanks!