Friday 23 July 2010

EURJPY - 5Min +22pips 1% Increase

Quickly checked 4 HR Chart, price was bullish Oversold with bearish cross.

Price action on the 5 min chart dropped below 60SMA, nonlag SMA + ALF Line.

Also both price action indicator's favoured a short entry, looked for Daily Pivot.

Price then halted just shy of Target, decided to close out with 1% Increase.

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