This blog is created to show market analysis based on our Power Trend Strategy. The strategy was designed with intra-day traders and part-time traders in mind. I will do all it takes to make it simple and explicit as possible.
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Please enjoy.
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Wednesday, August 11, 2010
USD/JPY BREAKOUT
Having Spoted positive divergence some hours ago, UJ broke my Bollinger Bands and Trendlines for BUY. I took the BUY because of the daily and 4hours BUY pressure and 50-100pips is not bad from the point 85.14 stoploss should be around 84.72
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