Forex Chart EURJPY January 19, 2009

Today I was looking at EURJPY 30 Minute chart in Meta Trader.  I always tend to keep these 30min charts open but look at 2 Minute charts for exact entry.

The Rainbow MMA Crossover system has you focus on 5Minute charts, but on higher time frames, the signal is much more accurate.  Here on January 19, EURJPY ended its corrective up move and began to drift downwards.  Once the yellow rainbows flipped over the red, the trend changed directions and resulted in a 400 pip move downward.