USD/JPY Weekly -The below chart displays a yearly (each bar is 1 year) USD/JPY log chart. Remember, huge reversals have materialized in years that end in 5. A top formed following the last 3 year rally (1994-1996). 12 month rate of change exhibits divergence and the top in June was at the line that connects the 1990 and 1998 highs. Finally, a yearly doji may form for 2015 (a lot to be decided next week). Shorter term, this week’s ...
When markets pullback from the trend consider trading retracements Traders can time entries at support and resistance using oscillators Manage risk over previously market swing highs or lows Scalpers have a variety of choices when it comes to an execution strategy. This decision should be decided after carefully evaluating current market conditions for the currency pair of their choosing. Today to continue the Definitive Guide to Scalping, we will focus on trading ...
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