Friday, 27 November 2009

GBPJPY – 480min short


Hi Everybody,

This post is a reminder not to forget the longer time frames when trading FOREX.

Forex can be a very choppy and unpredictable market on the very short time frames, so very often the best trades can be found on longer time frames, like 60min, 240min and here is a great example on the 480min Chart of the GBPJPY.

As you can see, this caught the recent decline beautifully....

Thanks

Steve