Long from the bottom of the gap on the daily (gap 3/9 - 3/12). Also this could be a retest of the falling wedge breakout on the daily going back to 5/17/06. Gap bottom is also 50% retrace from high on 3/14.
Further out, this could be an inverse h&s forming. If so, projecting the neckline from the left shoulder lows means price has to hold at the 0.8400 level. Anything lower negates the inv h&s. I'm buying supports in here until I'm wrong.
Jap yen
Started by
tozwp
, Apr 04 2007 09:58 AM
No replies to this topic