Too early to tell at this stage, yet a neat set-up when viewed on the Daily chart .
I opened a short trade under yesterday’s low – A bear engulfing candle if we hold these levels into the day close. My first target would be the 38,2% 131.85 area which happens to be at the neckline if this were to be a Bona fide double top.
EURJPY Daily
Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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I even placed a few of those funny coloured speed humps on the chart ( by popular demand). Moving averages
Or chocolate Firemen as I like to call them 🙂
I’m joining you HD, late though @ 133.38 , for a piece of the action . Don’t want you to feel lonely out there
It’s great knowing that I’m not ‘Norman no mates’ K-man 🙂
Thanks! EJ isn’t on my watchlist but I drew these lines months ago and here we are – https://www.tradingview.com/x/DNL3W1UT/
But we can hardly count on yen strength IMO. Nikkei is breaking out to 20+ year highs and looks like it will run away with BOJ to infinite.
I agree with you on the weakening Yen LD . I especially like buying U’J on dips. We have to remember that this is up against the Euro and will come under pressure if we see extended loses on that side of the cross. Well done for having the lines drawn. Always impressed when traders are prepared and are thinking ahead 🙂