Inside technicals and chart patterns by 
The 30 minute dollar-yen has turning over and begun trending lower. The initial set up was a Raghee’s Cycle Indicator/Commodity Channel Index (20) short.
The trigger came at 2:30am to 3:00am EST.
Now, if you’re anything like me…you’re probably sleeping. My active trading hours are roughly 7am to Noon. So as with any 24 hour market, you have to have ways to set up another trade. In this situation the early morning turn over led to a down trending market and a four to six o’clock angle on the RCI.
Now I’m looking at a swing short if prices can bounce to the bottom line of the RCI (the 34 period EMA on the low).
A couple things are going for this entry. First there’s a good chance it will trigger during the Asian session, and second, I love the "50" psych number as resistance as the current number we’re looking at is the 109.49 level.
- Raghee