I was short on EURJPY until this morning. Up about 530 AM EST, a Bull Gartley had formed on M15, M30, and H charts. I hastily closed my positions and waited for a reversal candle. I entered on the first DOJI- wrong answer as it continued down another 60 pips or so. From the initieal completion of the pattern to point of reversal seemed to take about 4 hours to play out.
Tuesday, April 27, 2010
EURJPY M15 chart
I was short on EURJPY until this morning. Up about 530 AM EST, a Bull Gartley had formed on M15, M30, and H charts. I hastily closed my positions and waited for a reversal candle. I entered on the first DOJI- wrong answer as it continued down another 60 pips or so. From the initieal completion of the pattern to point of reversal seemed to take about 4 hours to play out.
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