Yen - again !

[Steve Griffiths]

Hi Everybody,

After the recent TS3 sell nailled the recent decline in the USD/YEN on the 240min chart I though I would post an update.

Well, after the initial sharp decline we got a small corrective rally - right into a perfect TS2 sell set-up. This got you short again as the USD/YEN made another swing lower.

All great stuff :)

Steve

[Steve Griffiths]

Hi Everybosy,

I thought I would follow up on this TS2 short trade.

As you can see from the chart below, the USD/YEN reversed at the projected profit target nicely, leaving that as the "ideal" place to bank your profits on this trade :)

Steve