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.

Comments

Nice call!

Thanks for posting and contributing to the community.
Reply
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
Reply
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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out