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楼主 |
发表于 2008-5-5 17:01
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Usd/jpy
Hey guys,
It seems like everybody here is waiting for some sort of substantial retracement in USD/JPY before getting short. But if you look at where price is in the big picture, there may not be any major retracements. We are seeing a move below a major major support line and below the psychological 100 level. Plus, on the monthly chart, we are seeing price in the beginning of a 'trending move.' There hasn't been a move in the direction of the major trend for many many years. On the shorter term charts, price is in a 3 of 3 of 3 move, so things should pick up here soon. It's possible that for a few days or so, the only retracement we'll see are just minor consolidation periods.
Of course though, now that I've said that we will probably have a huge retracement that will stop me out, but I don't think so at this point.
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