“USD/JPY Four Hour Swing Set Up”

by Raghee Horner on March 12

3-12-2010 5-57-17 AM

{ 4 comments… read them below or add one }

Brian March 14 at 7:49 pm

I actually took a dialy set-up on the USD/JPY got in at 90.65 and have my target just below the 200 SMA at 91.70

Brian March 14 at 7:51 pm

That also matches up to the last swing high or just below it actually

Brian March 14 at 7:53 pm

I also have MACD just crossing over the 9 line ob that daily chart with my ADX just starting to move in that all so critcle 20 range lets see if that starts running up to the 25 level this week

Brian March 14 at 10:53 pm

look at the 200 SMA on the daily how the pair hits it and comes back down that 200 SMA is also a line in the sand for the long term down trend if the USD/JPY can break that 200 SMA then it could pop for a long term up trend

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