Too many shorts keep getting on board, so EUR/JPY keeps juicing upwards. Look for some news "event" to be the "reason" why we drop fast and hard. Could possibly see a large gap down over the weekend (been a while since that's happened!).
Short targets from 4/30/2015 post still valid. Let's have an excellent weekend!
could you please address these issues and perhaps advise the less experienced traders following you how you handle this particular issue? thanks.
don't misunderstand me, but that is how i read the tone of your posts and it puzzles me greatly. thanks again for any clarification.
You probably heard that only 2-5% of all involved in the markets actually profit daily/weekly/monthly. It is through worrying people through price action that trades are usually placed that either gets most people in at the incorrect times or worries them so much that they bail out (usually just before it turns and goes their way).
There is natural order flow from humans and fx robots. The un-natural part is when I refer to market "juicing", etc. I see the price action going up (or like right now, just sitting there to frustrate traders). I make it a point to study the chart, see the truth of what is really going on, and place the trade and let it work out. Some trades take more time and patience (like this one).
Hope this info helps!