Thursday 15 July 2010

EURJPY - 15 Minute Chart 18pips - 1.3% Increase

Indicator alerted me that price had touched the 240 + 60 SMA's (I was looking for a reaction from this level - very short-term)

Confirmation looked good between price action, 2 Oscillators and pattern formation (pin bars on the SMA).

So I took the trade, and got about 18 pips with very little draw-down only about 8 or 9 pips max.

1.3% Increase on trading account.

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