5 Nisan 2014 Cumartesi

CADJPY Reversal Sign with Shooting Star - Short Position

+65 pips


The price formed in a shooting star which can be a good reversal sign. Of course a shooting star is not an only sign. It formed in an uptrend an it is aroundthe ichi cloud upper boundary, 0,5 Fib level, 100 sma and 200 sma. The bar closed below the moving averages. This signal is very powerful on daily chart. Therefore, entering a position is very logical.

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