Wednesday, April 12, 2017

GBPJPY EURJPY 14 Apr 17 which one to trade

Which pair to trade. All 4 pairs GU/GJ, EU/EJ had 3 bar sell signals on the close of either the 12.05 or 12.10 candles. All the set ups were valid, double tops or lower highs, pairs agreeing. So which to trade?

The red lines on the 1 min charts for GJ and EJ show the close of the 5 min candle that had the 3 bar reversal signal and the next 1 min lower high at 12.30 chart time. GJ's moving averages are a mess, EJ has the nice angle and separation that I am looking for.











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