My Ironclad Rule

"It's not how many pips you make, It's how much risk you take"

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Wednesday, May 12, 2010

USDJPY : Bearish Butterfly [emerging]


While looking at this pair, I see a potential of deep drop for cross Yen pairs. I prefer to stay away form this pair due to uncertainty.  In bigger picture, when it completes its D, this pair will continue the downtrend.

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