Tuesday, January 12, 2010

By User: Usd/Jpy H/S

Name: forexpractitioner

Message: I just wanted to point out this head and shoulders pattern on the possible usd/jpy expanded flat taking place right now. Maybe other experienced trades could post there analysis. This signals a short where the disparity index crosses the trendline. However, looking on the daily chart, a crossing of the midline/trendline on the disparity would indicate weakness in the usd.