The last few days have not been easy for two reasons. Firstly all the major forex pairs have been charting out a corrective wave against the trend . Secondly i have picked up a bug and feel terrible. I probably got it on the plane back from London on Saturday night.
Is the corrective wave over and the trend down is about to start once more .
The Euro yen is showing a reverse divergence pattern and it has also produced a very high hit rate bar chart reversal pattern.
I am shorting it at 123.20 with a stop at 124.40. This is 120 points of risk and i am using a 1/3 of my normal size . This is a risk of 40 full points .
Good luck today.
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