Learn Forex: EURJPY shows repeated pattern

Posted on May 6, 2009 by BL Trading Team

The chart below shows that EURJPY fell when MACD shows sell signal. EURJPY looks like a selling opportunity now.

We took this opportunity to short EURJPY.

Shorted EURJPY at 131.95
Stop level at 133.00
Target level at 129.20


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