Thread: Channel trading system
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Old 02-26-2008, 12:07 PM
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USDJPY.
The price is trying to break the main channel and MaksiGen channel as well.

breakout3.jpg

What this price is waiting for?
No power: borders of the channel are the resistance lines and to break those lines so the price need the power.

Which power? Who is moving the price?
Good question. I know many jokes stories about it ...
To say seriously iI think this price is waiting for some news. Forex news event.
It will be USD PPI core soon.
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