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Watching - ABCD pattern - Support Busted (Aiming Beyond 170.4)
British Pound / Japanese Yen
Short
Watching - ABCD pattern - Support Busted (Aiming Beyond 170.4)
By Ciba
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Apr 8, 2014
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Apr 8, 2014
Even with the great GBP data announcements (Manufacturing hit it out of the ballpark) and USD had a great JOLTS, this pair still went SHORT.
No announcement supports going SHORT, therefore, will place a small lot SHORT.
Looking for a LONG candle pattern around 170.4 (Long Running Price Line) or 169.75 (Long Running Long Trend Line).
Ciba
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