Tuesday, January 8, 2013

EUR/JPY 8 JAN 2013 - 1HR Chart

The pair is capped by a declining RSI trendline. It is also capped by a resistance short-term downward trendline.

Sell the pair at the current levels (114.60)
SL - 115.35
TP1 - 113.65

Sell again @ 113.40
SL - 113.80
TP2 - 112.50

Elliot wave count - the pair looks to be forming a wave 4.

Take profit 1 @ 113.65 was hit making  a profit of +95pips
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1 comment:

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