Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Tuesday, August 26, 2008

forex EUR-JPY Technical Analysis

The Euro-Jpy pair has now come to the moment of truth. As i analyzed before sooner or later the pair will move down brutally because it was keep going up defying the rule of technical analysis. And today you can see the result of that as the EUR-JPY is already down as expected. The only thing which i didn't expected was the time of when it should fall because no one can predict that.

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