Wednesday, January 13, 2010

USDJPY - MAY BE SET FOR A DIP

The daily timeframe closed below the middle bollinger band with the MACD support for a DIP in same timeframe.


4Hr timeframe also helped with more clue with price action at the lower band zone and MACD still pointing down.


30min gave good entry for a short below 91.16 for another 100pips.



Further explaination by clicking our trading plan link at the MAIN MENU above - go for RSI TREND - BOLLINGER BAND DIPS AND RALLIES

Enjoy.
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