In this example of a trend chart, we can see an ascending triangle, which is likely to give a positive outcome if you were to go Long.
A break above 12219, will give a break out trade and head for 12500 very quickly...if the USD/JPY decides to go UPWARDS, a break below 12090, will open up 11916.
Lets see where this goes from here, but a great trading opportunity, either way!
Tuesday, 5 March 2013
EUR/JPY Buying Opp?
EUR/JPY is setting up for a large move higher...
In this example of a trend chart, we can see an ascending triangle, which is likely to give a positive outcome if you were to go Long.
A break above 12219, will give a break out trade and head for 12500 very quickly...if the USD/JPY decides to go UPWARDS, a break below 12090, will open up 11916.
Lets see where this goes from here, but a great trading opportunity, either way!
In this example of a trend chart, we can see an ascending triangle, which is likely to give a positive outcome if you were to go Long.
A break above 12219, will give a break out trade and head for 12500 very quickly...if the USD/JPY decides to go UPWARDS, a break below 12090, will open up 11916.
Lets see where this goes from here, but a great trading opportunity, either way!
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