CHART PATTERNS: FINE BEARISH PATTERN FORMED THIS WEEK ON EURJPY AGAIN!


I met my weekly target very early while shorting (among other pairs) EURJPY. I have been quite busy so I have been away from my charts. This has nothing to do with hitting my target; I always like to trade.

On returning, I was blessed with a fine bearish setup also on EURJPY!

The black trend line is from 4-hour time frame. The red trend line and blue channel are sub-patterns in confluence with the thick trend line. I will short when a reversal bar forms on the confluence, set target at a lower low and SL above the most recent swing high.
Share on Google Plus

About Moshow

Oseni Moshood ( Moshow) is a physicist, a blogger and a spot trader with years of experience. He trades only price actions partly because he thinks Economics is boring; or, probably because he failed Economics; and he loves fine artistic works.
    Blogger Comment
    Facebook Comment

0 comments:

Post a Comment