This is an example of trading with EFFI trend lines. Buy position in EURJPY was opened last Friday, after the false breakout of the main line. There were no signs of the real breakout till the end of Friday, I kept the trade through the week-end. Now it continues up, supported by the fresh line. Besides, there was a flag also broken upwards. By this moment the fresh line moved again, to the last closed candle on the picture. The real breakout of the fresh line will stop the trade, but if not some sudden market reasons to the opposite side - the basic and the main lines are good magnets for the price direction. The trade is protected at BE so far.
- | Joined Nov 2011 | Status: Member | 1,042 Posts
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