Today is 4 April 2014 and I was opening SELL trade on EURJPY just trying to get 10 pips (13 pips including spread). This trade was taken based on the difference of MACD and Stochastic oscillator. MACD trend is down but the Stochastic is crossing above the MACD. So I hope it will continue to move down and 10 pips should be reached.
As you see the current H1 chart MACD show a down trend (MACD lines are below the zero level). But the Stochastic is travelling above the MACD zero line. Most of time, this condition indicate that the price will continue to move further down. But let see in few hours.
Cheers
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