Monday, 24 September 2012

EUR/JPY Technical Analysis 2012-09-24

As EJ already making a new higher high, we are now looking for higher low before we preparing ourselves to take a new trade. EJ may want to test 61.8% fibo.


Trade idea:
No trade until we see the formation of higher low. As EJ is above kumo then we only want to take long trade. We want to see EJ break tenkan sen then we ready to take a trade.

Let's see the next move.

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