On December 18th, I wrote about the descending triangle on the Nadex Market news. The prediction was that the USDJPY would drop over 200 pips. I fine tuned the drop even more to predict a drop to at least 110.35.
This morning, the drop was completed and the USDJPY as of 10am was still dropping. It has the potential to go below 110.00. This also shows how price patterns can predict where markets will go.
Traders could have used a variety of trading mechanisms to take advantage of this drop. The move came in using the trading plans incorporated in the Guide to Trading Today’s Markets in 90 Days. Traders could have used the currency futures, binary options, touch brackets (demo mode only at moment), spreads, or spot forex.