Strong bullish momentum on cross Yen pairs. In this pair I'm anticipating more upside move by looking at the 4-hour chart in which I see a bearish crab pattern. The D leg has extended beyond 3.618 BC at 125.65 and yet I'm looking for PRZ in the 1.27 XA or at 126.10 price zone to enter short for this pair.
Wednesday, March 31, 2010
EURJPY : Bearish Crab
Strong bullish momentum on cross Yen pairs. In this pair I'm anticipating more upside move by looking at the 4-hour chart in which I see a bearish crab pattern. The D leg has extended beyond 3.618 BC at 125.65 and yet I'm looking for PRZ in the 1.27 XA or at 126.10 price zone to enter short for this pair.
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