Monday, July 14, 2008

Aussie yen ready to dive in? ....naked?


The lower trend line is a two hour support line that goes back maybe a week or so. The timing for this trade might be off if it breaks too early. I have found that taking trades after 1pm - 8pm new york time usually lacks follow through. After Asian opens money starts to creep back into the market..especially into the yen pairs.

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