Tuesday, July 29, 2008

EUR/JPY and USD/JPY - Candlestick

Both the EUR/JPY and USD/JPY have some upmove potential as recent engulfing candles (EC) are showing signs of the move coming up. Lets see where this one goes then. To test this system out, I have opened a long position on EUR/JPY @ 169.43. Lets see where the next close brings this pair to.

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