Main » 2012 » January » 10 » Forex Signals - intraday strategy on EUR / JPY 10/01/2012
10:34 Forex Signals - intraday strategy on EUR / JPY 10/01/2012 | |
| A pair of EUR / JPY on the hourly chart is trading within a neutral trend. It shows that the rate of EUR / JPY is trading below the moving average with a period of 55 on the hourly chart (level 98.22), which in general has to depreciate in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 98.26 in order to increase the resistance level at 98.53 and in case of breakdown up to 98.81 hours. Stoploss for this strategy can be placed at 97.75. I recommend to open short positions in the breakdown of support at 97.87 hours on end, to reduce to support at 97.58 and in case of breakdown up to 97.23 hours. Stoploss for this strategy can be placed at 98.32. Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position up to an hour to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I would recommend to wait for the correction. That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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