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Sunday, January 9, 2011

EURJPY Forecast (9 Jan 2010)

I’m experimenting the effect of trading only after the turn has been made. (i.e. more of a breakout strategy rather than a contrarian one).

This is an observation of EURJPY, which looks like it is in wave C of Wave .iv.  Would look for the completion of wave .iv, to hunt for wave v. 

Just waiting to observe price movements for now.
Comments welcomed!

EURJPY_1H_9 Jan 2010

Smile