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2016-01-28_01-05-21eurjpy

2016-01-28_01-05-21eurjpy

Some times the market displays price with certain patterns.

On this daily eurjpy chart we are able to see consistent lower lows and lower highs.

I expect price to retrace up to the upper bollinger band and then it might reverse and continue in its original direction.

Remember that the bands contain price 90% of the time therefore you might place your stop loss over the band.

The target area would be at number 8 for a double bottom or price might continue to go down where you might trail your stop until taken out with the help of PSAR.

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