Apr 21 2008
EUR/JPY: Might Be a Good Time to Be a Seller
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It might be time to consider working EUR/JPY from the short side.
This might not be a proper downtrend given that there haven’t been lower lows to match the lower highs, although there are lower closing lows. Could just be a consolidation pattern. Even still, fading a move up against a trend like with that many contact points makes sense, or at least favoring the downside in short-term trades.
Here are some other posts which might interest you:
- Today’s Trading Look-Back - May 13, 2008
- NSIT Not a Buy Now, But Could be Soon
- Earnings Conference Calls - Ugh!
- Today’s Trading Look-Back - April 29, 2008
- Sometimes Even Good Trading Results Need to be Rethought
