Thursday, January 21, 2010

eurjpy seems ready to rally




Daily: price has been trading inside large consolidation and presently at the support of the consolidation. we will assume that if support holds then price will rally

1hr: if support holds as expected, then we can trade with the emerging bull trend by waiting for price to break the trendline, take out the previous Higher low, to form a high, this will confirm the begining of the bull trend and a retest of the trendline to form a bullish crown.

we will update as price action waves

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