FX:EURJPY   Euro / Japanese Yen
Where in a wider scale upwards trend range. Currently in a downwards phase. Once we break our bearish flag and hit the lower trend line I expect a reversal.

Bottom trendline has been untested so should be strong. Good bearish momentum on 4hr MACD indicates should be a nice reversal also. A small retest on the level set by our bearish flag should send my 10MA through my 30MA giving me lots of confluence to ride this all the way up.

A lot of predictions here. But this is what I'll be watching out for.

As always, open to counter suggestions.


Nice call!

Thanks for posting and contributing to the community.
MSI_JAL26 AngusMcK
@AngusMcK, forgot about this haha. I never got a position as it didn't meet my requirements. Was this something you traded?
+1 Reply
AngusMcK MSI_JAL26
@MSI_JAL26, no I didn't, but you should have been on it. You guessed right :D
MSI_JAL26 AngusMcK
@AngusMcK there's always next time. No shortage of trades to take when the set-up lets us in. To be fair I just looked back at some of my earlier trade and I'm glad I've continued evolving my trading style. I see my logic in this trade, but some of my others seem like guess work.

*Hopefully* I'm a bit better now! Thanks for reminding me of this Angus.
+1 Reply
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