My Ironclad Rule

"It's not how many pips you make, It's how much risk you take"

readbud - get paid to read and rate articles
Your Ad Here

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.

No comments:

Post a Comment