Monday, October 8, 2007

GBPJPY - 4H Break down


Trading strategy here is to trade the breakdown of the 238.50/60 level where the rising Short-term trendline comes...
Good R/R ratio to challenge the Major Support trendline around 234.50... as a major target there...
We have the Directional Movement indicator to cross as a short signal confirmation and the MACD has bee for a long time hanging in the positive territoru and seems like dropping below Ceter line...

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