Monday, June 22, 2009

Also watching the US/YEN

We are watching the USD/Yen for a short here. Looking for a close on the 4 hour chart below 95.50. On this particular bar, the low hit 95.32 and is again trading above that point now.

This is a Trader Outlook trade by Bob Iaccino. They are good for the conservative Forex investor, if there is such a thing. Only one out of their last 6 trades have been activated as the pairs are trading near, but not at their specific entry points.


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