By mike on April 9, 2010
DAily: price is in a large traingle. it has found support at good level, trendline bounce and formed a good reversal bullish formation. we look to buy this pair till 129.00
1hr: price broke out of bearish TL.we are looking for a retest to go long on this pair
aggressive trader can placed buy limit at 124.20. stop at 123.30 and target at 126.12
conservative can use bullish confirmation candle
Posted in EURJPY, Pending Trades
My name is Fowope A. Mike, a mathematician and teacher, who has worked in one of the leading banks in Nigeria for 8 years. I started trading the Forex two and half years ago. I am a chartist, who vehemently believes in 'Trading what you see on the chart'. My trading concept is looking for convergences at important levels. I employ harmonic patterns, multi time frame analysis, trendlines and fibonacci retracements as my trading tools. I am a contributing editor for currency market column of stock watch magazine in Nigeria.
