exploration
Long

Elliot Wave 5 Idea A Sell Sign CADJPY

FX:CADJPY   Canadian Dollar/Japanese Yen
273 4 0
Elliot Wave 5 has started A good sign to sell
Here is what the bollinger band looks like on the break out from the double bottom on the one hour chart.

Here is what the overall One Day chart looks like with the Double bottom breakout
Double Bottom Break Out  CAD/JPY


Some information on the Elloit Wave http://youtu.be/i4jiKIEcs_E
Tips on trading with the Bollinger Bands http://www.informedtrades.com/4206-bollinger-bands-forex-currency-trading-chart-indicator.html
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too risky from my perspective ... I would wait for a retracement on 50 / 61 level and enter long; rather than enter now a short ...
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Elliot Wave 5 theory: This is the final push in the direction of the main
trend. At this point, sentiment on the currency pair
is approaching a peak. Analysts, traders, and the media are
generally extremely positive, fueling even more activity.
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Hey Bees Knees were you on zulutrade sometime ago? I remember seeing this name on the providers list..
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No, not me on zulutrade ...
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