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[kssmibotm]

In a previous post, I had identified a head & shoulder formation in the FXY (Yen ETF).

http://www.traders-t...?...=143702&hl=

A break below the neckline projected a downside target of 104. Today, the FXY printed a low of 104.63, which is close enough for my work. I sold my Mar puts and am flat the Yen.

Too bad more of my trades do NOT work out this well.