Quote:
Originally Posted by brad_1199
Here is a shot of the EURJPY Daily chart.. We can see price is wedged up under the down trend line after creating a triple bottom.. I expect price to cross over the line and head higher over the next few days and weeks.... This chart shows good use of trend lines, in conjuction with bollinger bands to define the range and stochastic to identify over bought and oversold levels.... The 20 Day moving average runs through the middle of price inside the bollinger bands and has clearly now turned upward.. Bulls have taken control now.... Price is sitting perfect for long entry now with the 20 day moving average coming up under price which will ultimately push it higher.... Also notice over the past few weeks price has created a triangle shape which is sloped upwards.. This is a bullish continuation pattern  |
As always Brad, great work. What are your thoughts on the GBP/USD trade you posted early last week? Looks like it is going pretty well.
