Tuesday, June 9, 2009

End of bullish channel

EURJPY is expected to be bearish as yesterday, the close is below the pivot point and the previous day close.

The pair rally from yesterday early morning European session and ended 15 minutes after Toyo open today with an evening star candle.

The pair broke the upward channel line and the Tokyo opening price at 0:45 GMT and I took a short position.

On the 1 MTF chart,I took a short at 0:41 GMT when the red lag fall below 85 and the both CCI cross the 30 EMA and the zero line. BB macd fall below the zero line with a negative cross.




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