USDJPY short.... chose to enter position in anticipation of DMA break - good range trading opportunity going on. Hourly chart - the bottom support line was drawn conservatively on purpose. It could have been drawn at a much sharper angle but to ensure the proper profit-taking I tightened it up to capture the most recent low.
Loony nice pattern of fast down slow up. I've gone short as well. It looks like ranging against a sloping down line, maybe forming a downwards triangle. If that breaks may get more than you targeted pips. Stopped out on my NZD/USD short, trailed to B/E + 10. Do you track any of the currency indexes??
Yeah, Looney looking nice here... though USDJPY killed me on same pattern breakout earlier, it went up instead of down. I don't track the indexes. You?