On the previous chart of 30 min time frame, the pattern worked perfectly! However, I did not place my orders in time or it was negligence. ON a chart outside of it, I see batman. Just in time! Point D is testing at the moment. Testing all three levels. Since we saw such an exponential buy on this pair, I wonder if this point will be the exhaustion point for buyers. Would we short? I would be careful! Why? Because by taking a step back, we would be fighting the trend! So I placed my orders accordingly to assure that it is a downfall. Good luck trading!
USD/JPY- This pair is where I exactly want it. It is falling down. It seemed to test the major resistance line and now continuing the downfall! I dont think this down trend will last anytime soon. I am expecting retracement right around 81.735. If this price levels breaks, it breaks the conformational pattern. THis pattern, now being invalid, will fall. Hence, downward trend.
Eur/Jpy-- This pair is giving me trouble. Looking at todays chart, you can see it is only hoovering on top of the 38.2 IPO. Entirely frustrating! But I would also be fight the trend if it goes down. So what will it be?
Eur/Gpb- I honestly lost a lot of demo money on this. I initially thought the pair would short some time soon around 29/11/2012 but ti didnt. If it successfully test and retraces the third level, it would be a pattern!
Eur/USD- no words for this pair. I want to slap this pair.