Trade77; EURJPY Hourly Trendline 7pm


Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

After rejection from the daily trendline I mentioned before now it seems that price is correcting some of its bearish moves and an hourly trendline has held the price nicely.

Now until the price is below 112.90 I expect this bullish move is a retracement. You can see it in the H4 chart below:

So that would be a good short signal if an hourly candle closed below this trendline and if price went above 112.90 then a new bullish trend will be established as well.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
If you want to receive my weekly report you can fill in the form here and we will send it directly to your email address.

Regards

Copyright secured by Digiprove © 2011

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Latest posts by admin (see all)

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news