Forex technical analysis: USDJPY whips around. Back below trend line via ForexLive

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Up and downThe USDJPY surged on the headlines.. Hit resistance at the 100 bar MA on the 4 hour chart, and then reversed. We are back below the trend line and the 100 and 200 bar MA on the hourly chart. The price remains above the 99.94 level (low from Tuesday).

posted via ForexLive

20-Year Pro Trader Reveals His "MoneyLine"

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