RT Swing Trader Blog | News
24Mar/100

Short swing trade for Yen has reached the median line target objective! [chart]

The sell recommendation made in the March 24, issue of the Traders Market Views was triggered at 1.1019 in the overnight session. The market has contnued to trade lower under heavy pressure and has reached the descending median line target objective at 1.0879.  This is the initial target objective and typically offers support after a wide range day. This is a good place to step out of the trade, bank the nice one-day gain and wait for a bounce to form a new reaction swing sell pattern.

June Japanese yen

June Japanese yen

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