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Dynamic Trader Blog - Forex Chart Pattern Signals

Monday, September 01, 2008

Potential BOB

Last week I mentioned to keep an eye on the USD/JPY, those who entered on a smaller time frame on the 1, 2, 3 set up, you should have managed your position by exiting your first position and adjusting your stops according to your trade plan and be in good profit.
For you more conservative traders we now have a potential BOB (need to wait for close) but be aware it could be a fake BOB so use the ESLT as a filter along with your confluence of events. Also be aware of the trendline which could act as a support.













USDJPY forex chart from Advanced Get
Good trading

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