FX:USDJPY   U.S. Dollar/Japanese Yen
75 4 0
The RSI is too low. The DXY             has good support, Is about to bounce maybe.
There looks like a small fork in progress.
I THINK it might be doing a little diamond-ish type pattern (on the 20 min is good).
The rising wedge is probably much much longer. I think it's only tapped the bottom.
There is more to cross in this apparent down channel .
I'm looking for a long position on a pull back this pm.(if there is one).
The rest of the mess - hehe - I'll tidy up over the weekend & explain my thinking.
Whew !!! I prefer to keep things simple. I took a long position @101.62 from the hourly chart based
on nothing more than an extended ab=cd pattern. All those lines going in all directions: My eyes
just glaze right over and I need not wait for a pull back.
Was I too blunt with my thoughts ????
I hope it all works out for you !!!!!
Should have included the chart. Plus it is very low risk
dojitrader dojitrader
Rats !!! The entry at point d was covered by the blasted long numbers but if you
check it out you can see more clearly.
I appreciate it's quite a jumble. LOL.
There is more than one thing going on there (clearly. Maybe, like I say I'll maybe have it tidied up by the weekend.
But I think there was the temptation, inc. me to think the wedge was broken.
+ that was a Euro/Yen weakening driven rise.
... And the first of the upper resistance hit ... Turn on the second I think ..
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