Monday, May 11, 2009

Head and shoulders USD/JYP



This is the 1D daily chart of USD JYP. According the the release of the COT, a reserval could be on sight..
USD COT index is 0, so either it will remain flat of a reserval toward bullish is going to happen
As for JYP , the index remain 50 same as last week.

The formation could turn into a 5 wave triangle, the strategy is wait for this breakout which should be happening within these few days

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