Thursday, March 21, 2013

EURJPY Price Action: Outside Bar Trade Setup, 22/03/2013

 The eurjpy successfully covered the gap experienced at market open on Monday but was quickly rejected as it approached Friday's low. Price closes as an outside bar and the expectation is for further decline in the comming days. Join me in my trade room to see how I intend to trade this pair and the like.

My Recommendation: Sell pair with SL above recent highs.

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