EUR/JPY 23/02/2009 Session 2

Posted by admin | EUR/JPY Trades | Monday 23 February 2009 8:07 pm

ej-23-2-09-session2

This was a total beauty, if you were ever going to take a breakout then this was it. We had a channel that had formed and the low was 121.00, I placed a couple of ines around this channel and this was the area to break in order to trade. The H1 was a CeC if 121.00 was broken also, and that break of 121.00 set up the breakout also. Just before we broke out there were some M5 CeC’s and finally just to set it up perfectly we had an M2 CeC right near the 21SMA. This trade was exited at the reversal candle CeC for obvious reasons Ihope ;)

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