today I see an interesting chart in EUR/JPY chart. At time frame Daily, there is an Inverted Head and Shoulders pattern. It can be a good signal which charts give to me. Probability rate of Bullish is 90%. If prices really go up or bullish, maybe after price breakout from 124.92 and touch 126.93 chart will retrace to 124.92 again and then go up again until 129.96.
Cheers,
Kurosano
I almost forget to post my trade today.. :p
Today I’m back to focus at GBP/JPY. I found a signal to entry Sell position at this morning.
At 4 Hours chart, I draw a minor Down Trendline. So that trendline became a Resistance. When I add Moving Averages periode 14, chart looked retracement until touch MA 14. Because a minor Down Trendline meets MA 14, I guess it could be a Strong Resistance. So, I tried to entry Sell position before I go to office to work. And then CCI indicator gives support for my analysis that chart is between 100 and -100 levels. So, it could be chart would continue Bearish.
And then, this is the condition of GBP/JPY now.. ^^
I wish Target Profit can be touched by prices. 😀
Cheers,
Kurosano
