Dear Traders!

I hope you guys are doing great.

Here is a bullish chat pattern that I am currently looking.

In a daily time frame of EUR/JPY currency pair, I expect a possible long trade. I am just waiting out side for the candle to close above 125.25 price level.  Closing of a candle is very important when you trade with price patterns (also know as chart patterns). If market is not going to take out 125.25 price level on a closing basis then it is better to stay out until you see  a clear break out.

Want to get more trading setups? Checkout my rest of the trades at “Live Forex Trading Room” and see my charts plus computer screen in real time.


Kind regards,

Muhammad Azeem


©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.