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CromerKing
May 28, 2017 10:26 PM

EJ Short based on weekly PA (wicks) Short

Euro Fx/Japanese YenFXCM

Description

PA has struggled on the weekly leaving some nice wicks. Looking at the Daily time frame it's easy to see some levels. I'd prefer to see the shooting star from 2 weeks ago get tapped on the inside (as often happens) then go short but if wicks are your thing and it works for you then go short now. I've then got my eyes on the level that has acted like a magnet for the last 6 months as a target but there is the nearer level on the way down I'd be keeping an eye on to see a break and test before going down to our targets.
Comments
jojofang0901
Nice trade setup, thank you for sharing your view on this pair. I have same idea as well.
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