Hi Fxcube,
EurJpy M5 bearish div.
Could this be a nice short entry?
Thanks,
G.
EurJpy M5 bearish div.
Could this be a nice short entry?
Thanks,
G.
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DislikedHi Fxcube, EurJpy M5 bearish div. Could this be a nice short entry? Thanks, G. {image}Ignored
Hi gigicualex!
Sorry the 5 min chart seems to late now for an answer, so I grab higher timeframes yet.
I'm not a friend of SL, but when I take a look at monthly's chart I would set a SL ~132.10 when going short, but monthly looks also short if EJ shouldn't be in a powerful longer term upward trend which we don't know yet or could it understand only afterwards.
I would trade the H4 (Post# 923) down 131.05 with this H1 divergence just now, too.
(131 seems also a round number and the Japanese loves round numerators).
Hope it helps!
I wish you green pips!
FXcube
EURJPY, H1, 2013 July 02
Disliked{quote} Post# 921Hi gigicualex! Sorry the 5 min chart seems to late now for an answer, so I grab higher timeframes yet. I'm not a friend of SL, but when I take a look at monthly's chart I would set a SL ~132.10 when going short, but monthly looks also short if EJ shouldn't be in a powerful longer term upward trend which we don't know yet or could it understand only afterwards. I would trade the H4 ([url=http://www.forexfactory.com/showthread.php?p=6791357#post6791357]Post#...Ignored