Wednesday 7 March 2012

USD/JPY Head n Shoulder (abc pattern)

USD/JPY Hourly

First clue is divergence, then price moved down (wave a), retrace back to 61.8 fibonacci (wave b), shud've enter earlier around this area but didn't see it. Price continue to go down, break trend line, enter Sell at 81.28, close at 80.88 for a 40 pips profit (near support area)...

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