EUR/JPY 30/30
June 24, 2008
The sell stop at 167.58 was not touched today, so it expired at 13 GMT. I didn’t place the buy stop at 168.18 because the CCI indicated over bought. I was afraid that the break of 168.13, the previous high, would be false. It turns out that the decision was correct because the price went as high as 168.27 and then began to retrace. Therefore, we didn’t have any trade today.
