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Fr33zerPop

Fib fan study: Aligning to previous high closes to find breakout

Euro / Japanese Yen (FOREXCOM:EURJPY)  
Fr33zerPop  
FOREXCOM:EURJPY   Euro / Japanese Yen
Technical Indicators FAN breakout
5
2
indicator fan breakout
Aligning the fan at the previous high allows for a false breakout (1B).
Aligining the fan to the previous high that ALSO avoids cutting the move downward (2) avoids the false breakout. (2B)
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