The world calls for our help once again. Will post the complete analysis later tonight, but you can review the Sunday Jan 13 post and follow ups to the EUR/JPY short foreign currency exchange trade to get the picture. What is happening is as I said when the SELL trade was closed out, I expected the "cave" would need to be filled in more, so a reversal was due sooner or later. Well, now it is here. Buy EUR/JPY (currently 158.04, I got in at 157.81) with stop loss of 157.06 and profit target of 160.44.
Thursday, January 24, 2008
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