EUR JPY 12/7/2010

It’s look like a head and shoulder pattern isn’t? According to my counting, wave b is completed and should go down to complete wave C on 1 hour timeframe. And the price should go through the blue line on that chart.

Update: I closed half of my position with 62 pips and the rest with 1 pip stop loss.

GBP USD moves as expected this morning, I already got 120 pips from last week positions. GBP USD must have some correction before it continue downwards, at least sub wave 4 then sub wave 5.

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  1. [...] EUR JPY 12/7/2010. by atoqa on July 12th, 2010. It’s look like a head and shoulder pattern isn’t? According to my counting, wave b is completed and should go down to complete wave C on 1 hour timeframe. And the price should go through … View full post on EUR/JPY – Google Blog Search [...]

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