Trade Idea : Contrarian traders may take a short position with SL. If EJ close above upper triangle trendline, trader may want to wait for pullback before taking long position.
Happy trading.
Tuesday, 24 May 2011
EUR/JPY Analysis 2011-05-23
EJ longer TF still in triangle. EJ almost touching the upper boundary of triangle pattern. EJ may pullback or breakout.
Trade Idea : Contrarian traders may take a short position with SL. If EJ close above upper triangle trendline, trader may want to wait for pullback before taking long position.
Happy trading.
Trade Idea : Contrarian traders may take a short position with SL. If EJ close above upper triangle trendline, trader may want to wait for pullback before taking long position.
Happy trading.
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EJ close with only 51 pip profit. EJ now moves in triangle which can consider sideway. To look for next new setting.
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