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Apr
26/10
USDJPY Buy at 94.05 (correction on entry)
Last Updated on Monday, 26 April 2010 10:49
Written by Ross Mullins
Monday, 26 April 2010 10:49

Buy posted to TAP at 10:35am ET. Buy USDJPY at 94.05, High Risk. Buying at a convergence of several indicators: 30min up trend line, support at 93.97/94.00, .786 fib of the same uptrend on 30min., bottom of consolidation triangle. Looking for a move back to the top near 94.25/30. Tight risk on this trade at 93.85. Do not want to see a break under 94.00 otherwise will likely see 93.75 or 93.55.

USD/JPY Chart Picture

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This entry was posted on Monday, April 26th, 2010 at 10:49 am and is filed under Trading Signals & Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


2 Comments
  1. Commentsturbojohn   |  Monday, 26 April 2010 at 11:47 am

    Hi Ross, should that be 94.05 ??

  2. CommentsRoss Mullins   |  Monday, 26 April 2010 at 1:52 pm

    turbojohn thanks for the correction. Entry it 94.05


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