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  #78955  
Old Oct 31, 2010 4:06pm
Bemac's Avatar
Monarch o' the Glen
 
Member Since Jan 2006
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CADJPY Weekly.
You Indicate 78.84 as the " Strong Support " ...

Is that where you have placed a Limit Entry?

If not that, {I realize it is very hard to show ALL in a ScrSht.} Would you Play a Low Break?

If CADJPY moves to confirm, Where would you consider your 1st TP? 40 Pips Away OR would you shoot for a 'Recent New Low?
40P Play on a weekly chart would normally say to me.... "Move along please. Nothing to see here."

I don't mean to sound negative it's just that when I put Real on the line, I like to be Positive {or as close as I can be}

Respectfully


On the other hand... {wouldn't life be nice if there was No Rebutal} I see a Possible Huge Short Potential building in this pair but from a different perspective.

I see Poss RE-Test of 74.00 but it should be incorporated in your analysis of Bear Attacks that the Bulls have Reinforced for Defence.
This one wont be easy. Soft Defence to start but becoming more solid as time {Price} elapses.
74.00
72.00
70.00
Take them out & the gate is Open to 52.00

My Chart view.
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  #78956  
Old Oct 31, 2010 4:32pm
Bemac's Avatar
Monarch o' the Glen
 
Member Since Jan 2006
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Well that's a view from a Technical Perspective.

What about a Fundamental Perspective on the Same Pair?

A) IF you were a Country dependent upon Finances created from Selling Produce in a Market Full of Competition...
What would you do to take/create a Market Demand Edge?

B) IF YOU were a Governement or excecutive or account manager or Speculator,
Who would you BUY FROM?


In Laymans Terms {Selling My Car or Looking to Buy a Washer & Dryer} What tools should I utilize to Maximize Potential Growth?
Verbally Dress it up & then some or fien ignore...

MarketWise. A Quest.

B
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