Friday, 5 February 2016

EUR/JPY sell update


The whole day yesterday my position was always on red. I think I got too excited on my first trade after a long break. So far the prices are still below the descending trend line which is a good sign of further decrease in the next coming days.

The stochastic oscillator lines crosses the 80 line from the overbought area since yesterday which means that the price will continue to go downward.

While on the MACD oscillator, I am just waiting for the red line to cross over the blue line to tell me that the prices will continue to go lower. I think it will take few more days because the bars from the histogram are still high.

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