Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
from InstaForex
on every deposit
Earn up to
for inviting friends to get StartUp Bonus from InstaForex
No investments required!
No deposit bonus
Registration in 15 seconds without verification
Automatic bonus charging
Get bonus

EUR/JPY. TF H1, 28.01.14

Published 28.01.2014 at 01.30 PM.

On EUR/JPY we have a bearish Wulfe wave on ТF Н1. Currently the price has come out of the sweet zone and goes to 2-4 line. I recommend to enter in short positions from current ones and it's better to transfer short positions to break-even while tested 2-4.

Stop loss levels:

sl_1 - 141.05;

sl_2 - 141.50

Partial price fixation on levels:

tp_1 - 139.80;

tp_2 -139.25.

Full fixation when price is on 6th point.

Disadvantages of this pattern:

- enter against the trend of the oldest time frames;

- unsymmetrical triangle;

- point 1 lies not on the peak of zigzag.

Have a profitable trading! :)

Did you like the post? Share it with your friends!