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08-31-2007, 01:55 AM
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USD/JPY
An aggressive interpretation of this TD chart would have me going short right now. I'll play it on the conservative side and wait for the second candle to open below the demand line.
What makes this a particularly interesting configuration is the fact the last candle is forming precisely beneath where the TLs cross. Also, price is hitting resistance (light brown) at 116.1. You can't see it in this image but CCI is indicating an over bought condition. This whole setup is just screaming SHORT! IMHO, of course.   
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