eltrot1979
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interesting levels for most of the JPY pairs.
What was your first entry and what was the exit where you said you jumped ship early?
I wonder how this will end up on the Daily?
Thoughts anyone?
I wonder how this will end up on the Daily?
Thoughts anyone?
and a chart to show why.
I hope there is more to that TL than your chart shows...it looks far too steep and has been tested at only two points?!
Also, what's this about the high being tested four times...it has broken through a huge weekly level to the upside...
Oh well, I hope it goes well for you. Fingers crossed.
If it ends as a pin, then it's possible to concoct a 50% retrace (chart 1), but to be honest looking at the Weekly (chart 2) it's just broken through 131 on the 4th attempt so that would be a good opportunity to buy IMO.
I like the look of the pin bar that looks likely to be formed on the Eur/Jpy too it falls on the 38 and 50 fib lines on my charts. It has gone nearly 1000 pips with out a pull back. I think this could be a good play
Straight into support imo.
im short GBP/JPY here 143.66
100 pips stop. Experiment trade