Monday, April 18, 2011

Hourly Forex Trading Strategy #EURJPY - Possible Extended Fifth

The erratic decline to 119.25 and the strong drop from 121.50 to 116.45 may well have ended the base of a larger triangle consolidation pattern. While still scope for another test of the 116.45 base only below the former 115.55 peak would sustain the downtrend threat. (Ref:

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