My Ironclad Rule

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

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Wednesday, March 31, 2010

GBPJPY : Bearish Crab


Same goes to GJ plus the bull market siding on the Cable. This bearish crab pattern on 4-hour chart has extended beyond 3.618 BC and now heading towards 1.618 XA at 142.20. I might short this pair when it reaches in this price zone as well.

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