Dynamic Traders Current Trade Set-Up - Forex

The Current Forex Trade Set-Up below is just one page from the most recent Friday issue of the Dynamic Traders DailyTM Forex Report.

USD/JPY (Swing Trade Set-up)

Probable Net Trend for the Next Few Trading Days

With the (8) daily DTosc bearish reversal, both the (8) and (13) daily DTosc’s are bearish signaling the net trend over the next few trading days should be sideways to down. A decline below the Nov. 14 low should be followed by a decline to below the Nov. 1 low.

USD/JPY Swing Trade Strategy

Short following a decline below the Nov. 14 low as long as the (34) 60M DTosc is bearish or short following the next (34) 60M DTosc bearish reversal and trade below a minor swing low as long as today’s high is not exceeded.