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Forex Freebie

by The MoleDecember 15, 2011

Since it’s almost Christmas I’m experiencing a rare moment of good will and thus decided to throw this one out for free:

I am not feeling too hot about this just yet as most other FX pairs I watch are still on the move right now. However, that said – the EUR/JPY is pushing toward the 100 mark which is of course psychologically important. Then we have that lower 100-day BB line waiting right there – plus there is the 100-day lower BB line pretty much overlapping. I think the odds favor the longs here and if you can get it near 100 then you got good upside potential with limited downside risk as your stop should be placed right below.

Cheers,


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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