We are Global Currency Scalpers, bringing you one of our three successful trading strategies. Centered on scalping of the Forex market. We realize that 65% of Forex traders lose money, some estimate it's as high as 90% of Forex traders lose money. At Global Currency Scalper we run three very successful and time proven trading strategies. This blog is intended to bring you one of those strategies with live Scalping updates. Don't be one of the Forex markets statistics!
Thursday, August 27, 2015
New Signal USD/JPY
As of 08/27/2015 at 13:15 the Global Currency Scalper has recognized a possible short trade in USD/JPY on the 1H chart. It is forming a rising wedge pattern with a high probability trade if it can get triggered.
We will be waiting for a close below the lower trendline of this rising wedge before initiating a position. Targets will be 119.750, 119.500 and the figure of 119.000. If this pair trades above the upper trendline before initiating a position the signals becomes null and void.
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