Japanese Yen – Live Trading Opportunity

by Sacha Tarkovsky

A few days showed we ago you how to of advantage take a trading opportunity British the in Pound with some and tools simple this yielded a with profit great low risk.

Here we are look to going at another live with opportunity trading the same tools Japanese the in Yen.

Let’s look at the opportunity.

The Dollar has pressure under been recently against the and currencies major the Yen has its however benefited, rise has been in little very comparison with the the and Pound euro

Pull up the weekly chart

We are using you but futuresource.com can use any free the of charting services.

The weekly trend dollar the in against the yen – up is this is the primary trend.

Now pull up chart daily the and add these indicators

Bollinger bands, stochastics and RSI
(If you don’t the how know above indicators work other our consult articles)

The dollar has the to dipped middle band of band Bollinger the and is now move to looking higher.

Timing the move

To get the your in odds favor you want in change a momentum and this by indicated is the stochastic – the for Watch lines to cross to turn and the upside with this divergence bullish then puts the favour in odds of the bulls.

Wait for the cross to lines and look also rising a for RSI

When the bulls support charge take will be below (on close Wednesdays a closing basis) the then and double bottom.

Target for the the is bulls double top at 12000

The above is of way simple getting into trades price the with momentum and odds side your on and allows you on act to confirmation rather than predict. to trying

The above trading taking is scenario advantage of a a in dip bull market to with positions re-establish the primary trend.

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