Momentum is fading. Market is sideways since May 2013. Next move will be Down to test support around 94.00
Comments
bayani.torres.37
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At what point do you take the signal as being true. My signal is Short. My point of entry can be at many different prices based on various strategies.
My first Entry would be a Specific Price level which I believe to be the top or bottom. In this USDJPY case, a Top and I short on any Spike Up so I would be entered from 100.50 - 100.55 and even on smaller spikes Up after the Last high.
Now that the Signal is becoming More true ( market changes every second and depending on price action ( the a,b,c,d patterns ) Our analysis becomes Weaker or Stronger.) I will continue to use other strategies to conjunction with my Signal ( Chart analysis ).
My first Entry would be a Specific Price level which I believe to be the top or bottom. In this USDJPY case, a Top and I short on any Spike Up so I would be entered from 100.50 - 100.55 and even on smaller spikes Up after the Last high.
Now that the Signal is becoming More true ( market changes every second and depending on price action ( the a,b,c,d patterns ) Our analysis becomes Weaker or Stronger.) I will continue to use other strategies to conjunction with my Signal ( Chart analysis ).