Lower trendline breached on GBPJPY @ 233.86 on 240 minute timeframe
TRADING ALERT: Mouteki Signal Trigger
FREE ALERT PROVIDED BY http://www.4xwatch.com
Summary
Trendline point 1: low at 2007.04.06 12:00 (233.80)
Trendline point 2: low at 2007.04.05 12:00 (233.50)
First candle below line: 233.86 - 2007.04.09 16:00
Projected profit: 233.13
Details:
1. Lower trendline was drawn by the indicator between the low of the bar at 2007.04.06 12:00( price level of 233.80) and the low of the bar at 2007.04.05 12:00( price level of 233.50)
2. The indicator has detected a qualified breach of that trendline by a candle (bar) opening at a price of 233.86, below the trendline at 2007.04.09 16:00, after a cross of the trendline by a previous candle (bar).
3. In accordance with the Mouteki rules (http://www.forexfactory.com/forexfor...ad.php?t=8464), that is a signal for a possible short entry.
Target projections:
1. Distance from trendline to the highest point was calculated based on the high of the bar on 2007.04.06 16:00 at a price level of 234.58.
2. That distance was found to be 0.73.
3. This gives us a projected takeprofit level at 233.13 (that being a distance of 0.73 from the opening of the qualifying candle at 233.86).
Please note that this indicator is in its Beta stage and is being continually improved.
Please view our terms and conditions regarding these alerts at http://www.4xwatch.com/index.php?opt...d=38&Itemid=45
Alert reference: Alert # DM3.1.3.G-GBPJPY-2402007.04.09 16:00
TRADING ALERT: Mouteki Signal Trigger
FREE ALERT PROVIDED BY http://www.4xwatch.com
Summary
Trendline point 1: low at 2007.04.06 12:00 (233.80)
Trendline point 2: low at 2007.04.05 12:00 (233.50)
First candle below line: 233.86 - 2007.04.09 16:00
Projected profit: 233.13
Details:
1. Lower trendline was drawn by the indicator between the low of the bar at 2007.04.06 12:00( price level of 233.80) and the low of the bar at 2007.04.05 12:00( price level of 233.50)
2. The indicator has detected a qualified breach of that trendline by a candle (bar) opening at a price of 233.86, below the trendline at 2007.04.09 16:00, after a cross of the trendline by a previous candle (bar).
3. In accordance with the Mouteki rules (http://www.forexfactory.com/forexfor...ad.php?t=8464), that is a signal for a possible short entry.
Target projections:
1. Distance from trendline to the highest point was calculated based on the high of the bar on 2007.04.06 16:00 at a price level of 234.58.
2. That distance was found to be 0.73.
3. This gives us a projected takeprofit level at 233.13 (that being a distance of 0.73 from the opening of the qualifying candle at 233.86).
Please note that this indicator is in its Beta stage and is being continually improved.
Please view our terms and conditions regarding these alerts at http://www.4xwatch.com/index.php?opt...d=38&Itemid=45
Alert reference: Alert # DM3.1.3.G-GBPJPY-2402007.04.09 16:00