Wednesday, June 15, 2011

Another One in #CADJPY

This was a double diagonal "beast". I wasn't quite doing any technical analysis on this pair before my system took one pullback trade on it today. But than, I saw this one, that at first, looked like an angled inverted head and shoulders. I wasn't able to see it fast enough as to maintain the position towards the minimum objective target.

Notice how the two turquoise lines are very, very parallel to each other.

A true beauty that reversed price action.



The hourly chart demonstrating a double-diagonal diamond.

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