Band Swing Trading Method

Discussion in 'Forex' started by muraleedharan, Jan 22, 2009.

  1. A weekly chart of USD/JPY as on 31st January 2009 is posted below for the reference of the readers.The price closed below 20 SMA reading 95.76.The 20 SMA is slanting down.Hence the weekly down trend is intact.A Harami candlestick pattern is formed in the weekly chart.Since the trend is down we will sell rallies in the forthcoming week at the appropriate set-up and trigger conditions seeing the lower time frame charts and price action.Muraleedharan. http://currencycentral.blogspot.com:) :) :)
     
    #11     Jan 31, 2009