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EUR/JPY

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https://www.forexfactory.com/showthr...7#post11514207
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www.sme-fx.com
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Just TP at 131.979. I am done for the week, because I know if I trade tomorrow I will screw up an excellent weekly profit. On top of that, 131.979 is below the bottom of the candle so I think it may have been my luckiest "oh shit TP now" moments ever. Ha note it promptly dived more, but I truly don't mind.
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www.sme-fx.com
https://www.forexfactory.com/showthr...4#post11544904
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www.sme-fx.com
Day Chart:
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www.sme-fx.com
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60% of going down... based on machine learning algos.
posible down reversal in 130 - short placed - If keep going up maybe I will go short more strong. idk what is the reason for this big up so is more secure to follow the down trend
Quoting MonkeyDick
{quote} the down reversal was not strong i expect a controlled and soft down trend for the next days (this week and maybe the next) but with some up corrections like today, i don't close my sells. the market is very neutral but the down trend is a little more strong. Other scenario is that im wrong what do u think guys?
All the TA says down for me, but still it's Monday, let Europe decide

All the JPY pairs are looking down so that's good too

USDJPY has the most to lose if it turns down.........
Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: na
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Quoting hellsbells
{image}
Hey hellsbells, I see what you're looking at but there's one big reason I wouldn't bother being long EURJPY and that's the Euro.

The Euro has been in such a downtrend lately, and I don't see it letting up. You'll be fighting an uphill battle and probably go nowhere fast if the Yen and Euro both continue to weaken together.

I think you'd do far better going long USDJPY if you wish to have a short Yen position.
check out my blog: forexmademillionaire dot com
Quoting Geppy
{quote} Hey hellsbells, I see what you're looking at but there's one big reason I wouldn't bother being long EURJPY and that's the Euro. The Euro has been in such a downtrend lately, and I don't see it letting up. You'll be fighting an uphill battle and probably go nowhere fast if the Yen and Euro both continue to weaken together. I think you'd do far better going long USDJPY if you wish to have a short Yen position.

Absolutely, the EUR in a tailspin. I took the EJ chart at face value, I have TP my trades now, am happy.
I bought. 128.54
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Got sick of hoping it would go up and went and had a coffee break. What a freaking nice surprise! TP1 at 128.673 (which was a TP i'd placed earlier) , TP2 128.896.
I tend to fear it's a trap and TP too soon, lifting my SL to 128.565 to ensure min $50 profit on last, with TP of 129.160 on last which would be $420 profit.

NB edit, bird in the hand and all that, saw EU retreating and TP my last trade 128.985 for $300. Forex job done for today, good luck to you
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Quoting tiborf71
I bought. 128.54
profit closed. 129.10
Looking for EJ breakout
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