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    Explosive Move Building?

    By Eliseo Agas | July 17, 2007

    Check out CADJPY…

    4-hr chart has contracting volatility coming to a head and Daily chart shows upside potential is still in place. Imagine the spring being compressed to the max…the possbility for an explosive move is building.

    Ideally, I’d like to see a break above the 117.25 area to give me some confidence that it really wants to go higher. For extreme sports fans getting in earlier has its rewards but expect higher risk…buyer beware.

    cadjpy-daily-0717.gif  cadjpy-4hr-0717.gif


    Tags: , , ,

    Topics: What To Look At In The Market | 2 Comments »

    2 Responses to “Explosive Move Building?”

    1. CADJPY - Explosive Yes, But In Wrong Direction | Forex Trading Blog Says:
      July 21st, 2007 at 8:17 am

      [...] pairs that I got the pleasure of taking it on the chin. I’m a glutton for punishment I guess. CADJPY made its move all right…too bad it was in the opposite [...]

    2. Better Use Charts - Use Charts Better » Blog Archive » CADJPY - Explosive Yes, But In Wrong Direction Says:
      August 16th, 2007 at 1:40 pm

      [...] pairs that I got the pleasure of taking it on the chin. I’m a glutton for punishment I guess. CADJPY made its move all right…too bad it was in the opposite direction.I got out almost immediately at [...]

    Comments