Wednesday, February 23, 2011

A look at Usdjpy in 30 mins

At 7:53am, I notice this set up.
First impression, a A-B-C correction upwards.
Support at roughly 82.40
Fought the aggressive impulse to jump into the trade.
Which my previous aggressive stance would have jump right in.
Waited for break out confirmation at 82.50.Which never came, becasue prices broke support and dive down instead.


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