An absolutely massive SHORT! Also, here is the NIKKEI225, long term; How about the DAX?!...
nice double top confirmed after a breakdown, short set up with good RRR
TARGET: 52.5 PIPS TP1: 127.781 TP2: 127.504 SL: 129.102
Pending entry at 132.880 Nice short setup. Keep it simple. Cheers :)
Revised, this could be a Bat pattern and possible reversal at trend line. It has been very strong today, so caution is warranted. Possible intraday gartley reversal hourly chart for EURJPY which could point back to the 132.500 level.
Hi, Seildev here: Area of interest: - Daily chart resistance for all May/17 at 38.2% fib from high Dec/2014 to low Jun/2016 - Respected resistance from 25th/May/17 - Confluence 61.8% fib for short - 124.45 to short Safe Trading everyone.
Area of interest: - Daily chart resistance for all May/17 at 38.2% fib from high Dec/2014 to low Jun/2016 - Respected resistance from 25th/May/17 - Confluence 61.8% fib for short - 124.45 to short
EURJPY found support last year at the lower bound of a multi year channel (109.50) and a swift recovery has taken shape since then. It headed towards an intermittent hurdle near 124 the 76.4% retracement from march2016. Currently the pair is retesting the channel limit at 11.70 in what appears to be the fourth wave from an elliot perspective. With the daily...
As mentioned in previous post we found support last year at the lower bound of a multi year channel at 109.50 and a swift recovery has taken shape since then. A recovery appears plausible towards 121. A break above will take it towards 122.50/123 with the next handle at 124. All the best and trade with care. Thanks for your support.
Hi,traders,I hold a point:Good charts does not more words to explain! Good luck