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EURJPY trade review

http://www.forexnaija.com/?p=1180

there is a possible buy on eurjpy off 1hr time frame based on an emerging bullish bat at 123.50

confluences:

1. 88.6 of XA

2. 1.618 of AB

3. TL bounce

4. support level

entry: 123.50

stop: 123.04

t1= 124.25

t2=127.00

mike

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.

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