Market Reversal - Forex Forum

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> Market Reversal, USD JPY
trendmaniac
post Mar 13 2009, 12:22
Post


USD JPY

In this am forex possibilities you say in the pre-amble to the trade suggestion
that the market should reverse below the resistance of 98.00 (or there abouts.)
I have looked at every time frame chart to see if I can identify your reason/thinking or perhaps
chart pattern for you to make this statement... I can not see it,
can you please do a little more teaching?
Or do you have a proprietary indicator that tells you this?
Thank you
Hans
Arnaud
post Mar 13 2009, 13:48
Post


I had a round top on USD JPY just below the 50 weeks moving average


Attached Image
stormer
post Mar 15 2009, 8:54
Post


QUOTE (Arnaud Jeulin @ Mar 13 2009, 13:48) *
I had a round top on USD JPY just below the 50 weeks moving average


Attached Image


Thanks for that, using your FxTrend and FxSto modules have helped me a great deal to help myself. This was something I had not been aware of and knowing this really helps me

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