Thursday, June 16, 2011

20110602 - EURJPY Trade











This is a 8-pointer on Trading Buddy Scale.
Bullish Bat overlap with a larger Bullish Gartley.
1.618AB=CD overlap with larger 1.13AB=CD.
RSI Divergence.
Kumo bottom as support on the daily chart, also pivots for several Chikou turns.

Placed entry at 114.80, SL rather large at 114.20 (just enough, maybe too marginal, to cover 88.6% for a larger Bullish Bat). TP 115.70 for a risk:reward of 1:1.5.

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