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TheDDReport
Sep 1, 2013 5:55 PM

USDJPY Long Trade Idea Long

U.S. Dollar/Japanese YenFXCM

Description

Trade Idea Long
Comments
LEONES
CAN BE EITHER SIDE. I'M MORE BEAR IN THIS CASE
imdp
I see a huge head & shoulders top and a bull flag that didn't break out by 2/3rds of the formation (thereby invalidated) and a month long bear flag beginning early August. Bearish, even though it would seem an incorrect assumption from fundamental factors. Not an easy trade by any means; perhaps waiting for breakout in either direction is the sage play. Either way, good luck!
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