Main » 2010 » May » 19 » Forex Signals - Intraday strategy on EUR / JPY 19/05/10
09:49 Forex Signals - Intraday strategy on EUR / JPY 19/05/10 | |
| Pair EUR / JPY on the hourly chart is traded under the neutral trend. It shows that the rate of EUR / JPY is trading below the moving average with period 55 per hour schedule (level 114.02), which in general has a lower rate in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 114.41 in order to increase the resistance level at 115.35 and if it is the breakdown on the basis of hours to 115.90. Stoploss if this strategy can be placed at the level of 113.73. I recommend to open short positions in the breakdown of support at 111.43 up to an hour, with a view to reducing the support level at 110.61 in the case of breakdown up to 109.72 hours. Stoploss if this strategy can be placed at the level at 112.55. Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend the open positions on the basis of hours, to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open attitude towards breakdown. Analyst "Forex Analytics" Alex Sedyshev
| |
|
| |
| Total comments: 0 | |
Moscow Time
New York Time
London Time
Tokyo Time