Hey traders,
Lets look at the chart of EURJPY.
EURJPY is in a down trend as we see, I was looking at the chart and I saw that the down trend will end soon. I dont know when, but that's up to the banks ofcourse ;)
What I am looking for is still a sell order at: 155.800. Why 155.800?
This zone is important because of the ping pong effect. the 4/8 and 2 lvl's are important to me and the market as we see a reaction everytime on this level.
Back to the chart! after it hits 155.800, i'm going in a sell order, becayse EJ is still in a down trend. I want to see it drop to 154.420 my TP is at 154.600.
After this drop, I want to see a pullback and break the down trend. If that happens it will go to the latest high's (156.400), from there It will be curious. But if this is true what I am saying. I will give you more information later. So let's see what EJ will do and we wait for the market to move!
Follow me for more chart updates, and keep in mind.
Don't move with the market, let the market move to you!
Semfttrading
Lets look at the chart of EURJPY.
EURJPY is in a down trend as we see, I was looking at the chart and I saw that the down trend will end soon. I dont know when, but that's up to the banks ofcourse ;)
What I am looking for is still a sell order at: 155.800. Why 155.800?
This zone is important because of the ping pong effect. the 4/8 and 2 lvl's are important to me and the market as we see a reaction everytime on this level.
Back to the chart! after it hits 155.800, i'm going in a sell order, becayse EJ is still in a down trend. I want to see it drop to 154.420 my TP is at 154.600.
After this drop, I want to see a pullback and break the down trend. If that happens it will go to the latest high's (156.400), from there It will be curious. But if this is true what I am saying. I will give you more information later. So let's see what EJ will do and we wait for the market to move!
Follow me for more chart updates, and keep in mind.
Don't move with the market, let the market move to you!
Semfttrading
Comment:
For today and over the weekend + monday. I want to see a move to 155.800, tuesday is a important day for JPY because of the Monetary Policy Statement and BOJ Press Conference. Lets see!
Comment:
Almost breaking the latest high 155.500 :) after that to 155.800 and then SELL!
Comment:
As we've seen Friday it didnt went to 155.800, buttt It went to my other lvl to the sell stop lvl (buy order). My buy order was at 154.420, now as we see It got hit and after that the market moved to the upside. I will wait till it hit 155.800 again. That's my tp and from there. I want to sell but, I'm going to wait because there is a chance that the down trend will be broken. So lets see what do market will do this week.
Comment:
So as we see before the eu markets open, EJ went rocket high. I have my tp still at 155.800. Lets see after that what the market will do. I will keep you up to date.!
Comment:
Almost TP HIT!!
Comment:
TP HIT + SELL ORDER!