At the moment, majoriti of pairs are struggling to break the trend. From my analysis, only EurJpy and AudJpy have broken the trend. The rest will be in ranging mode until the trend is broken.
AudJpy @ 61.70
EurJpy @ 123.80
Those are entry point for short. Those are guideline only. You should be looking for better entry unless you have the guts for -ve pips
The rest of the pairs are ranging at the moment until the trendline broken. Do enter at will but no long term trade. Scalping mode from now on until a new trend is born.
Good luck
BREAKING THE TREND
Wednesday, November 26, 2008
