moorekapital

USDJPY: A BET ON BREAKOUT FAILURE

FX:USDJPY   U.S. Dollar/Japanese Yen
71 0 5
For so long as MACD makes no new low, I'd look for a PA signal to long back to inside Trading Range(and possibly beyond)

This setup is nullified, once MACD allows itself to get soo cheap!

" 80% of the time most breakout attempts do fail"
-Dr. Al Brooks
Comment: No PA rejection signals for buy.
MACD confirmed the low on price= NO TRADE.
Standing aside to study.
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