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View Full Version : USDJPY on 28Oct08 - triangle wedge breakout


toyogo00
10-27-2008, 11:30 PM
Hi Neal,

See attached, I've received DailyForexCharts.COM from Neal at 11pm EST. You mentioned that the USDJPY is forming a triangle wedge pattern, so it will either break up or down.

At 1:25am EST, it broke out; the TRSI for 4hr, 1hr, 30m, 5min all crossed up. The fibonacci SK at 93.60/70 and broke up as well.

Enter long @94.00 based on 5min chart exit at the expansion target @95.80 - 161.80% within 30mins for 180pips (it was too fast that I didn't think of 100%).

THANKS YOU very much Neal for your insight of Fib/TRSI analysis - it's marvelous!!!

Regards,
Toyogo

FibMaster
10-29-2008, 04:51 PM
Well done, good trading!

I really enjoy the feedback. Thanks for subscribing.

In case anyone is interested, I have an online seminar/webinar on just this topic, Fibonacci and price patterns, coming really soon, see here;
http://www.fibmarkets.com/pro_seminars/index.html