Author Topic: Looking at entering long  (Read 6064 times)

Nicodemus

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Looking at entering long
« on: January 25, 2013, 07:36:22 AM »
Good day folks,

The USD surged against the Yen yesterday and on the weekly chart there is a real nice looking pin/hammer type candlestick!  I think you could do a trade where the price goes up then if it hits resistance at 90.00ish yen and continues up would be a good time to buy???

Anyone else been watching this pair?

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Looking at entering long
« on: January 25, 2013, 07:36:22 AM »

Offline TheForexKoala

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Re: Looking at entering long
« Reply #1 on: January 25, 2013, 08:07:00 AM »
I don't usually trade this pair.  However a quick look shows that this pair is hitting new heights indeed.  But do note that the bears are not giving it easy.. Check the last few bear candles. They are long.

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Nicodemus

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Re: Looking at entering long
« Reply #2 on: January 25, 2013, 07:25:05 PM »
hmmm good observation got me thinking  :)