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The Dynamic Trader Forex Blog

Thursday, 26 February 2009

The Yen,The Yen and the Yen !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = JPY : 60min Chart (Posted Below)

Another profitable day on this cross, with many taking profits, keep your pips, give me more ?

Early indication is a continuation of price in its current trend, pointing towards the retail index and major resistance and BIG RN 100.00

On RSI if price could stay at the moment if above 65 would give a healthy run

MACD is below our entry and wanting a deduction on price ! with Stochastic s tweeting some noise about over bought on numerous time frames.

I have kept the 60 min chart and placed a set of trend lines which are following price, very nicely
if not predictable.

Always carry out your own analysis before entering a trade
















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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