Posted:
#51
The EU.Yen on a 4 hr chart looks like it is starting to get extended, but I think that is a function of the weak Yen more than a strong Euro..since some of the Eur pairs are not doing so well.
last time on the 4 hr chart that the RSI got up above 70, it went to 81 (unreal) and then caved in for a 600 pip drop.
Playing against these breakouts is scary stuff..if anything leg in slowly and be prepared to add to the positon like Ive had to here the last two days.
rick, I agree..something tells me the Yen weakness continues and the USD breaks 100..
last time on the 4 hr chart that the RSI got up above 70, it went to 81 (unreal) and then caved in for a 600 pip drop.
Playing against these breakouts is scary stuff..if anything leg in slowly and be prepared to add to the positon like Ive had to here the last two days.
rick, I agree..something tells me the Yen weakness continues and the USD breaks 100..
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. I went with a ruby color, and finally after 4 coats, it looks like it might onle need 2 more to finally be there. 
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