Bastosai
Short

EURJPY - D - SHORT

FX:EURJPY   Euro / Japanese Yen
111 0 3
I messed up the charts but the idea is there.
On daily (on the right), I anticipate a break of PAC and at least a pullback from a TDI             perspective to RSI50 & MA.
On 4H, the PAC break has already happened but it is only now that we get below RSI 50 & MA.
So my point is that we shall see further breakdown on this pair.
Comment:
snapshot

It will be a long trade. Daily is still down but 4H will have a nice rally to 124.X.
Let's see.
Comment:
snapshot

We entered a bit too late on daily and have faced a logical throwback. 4h TF could indicate a bit more downside.
Comment: I'm still mixed with this trade, so I put SL@BE and let it run.
snapshot

On daily we can see a down trend starting, but 4H is entering oversold area.
As we are in this trade for a long time now, I'm not taking any risk nor taking some profit too soon. We avoid the SL so that's half bad.
Comment: My TP1 is 121.6 and TP2 120.3.
Trade closed: stop reached: SL@BE touched! Null trade.
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