Rising CCI on Our 60 Minute Chart Long

Euro Fx/Japanese YenFXCM

Description

⋅ May 8, 2015 4:21 PM

Price is whipsawing to frustrate, confuse, and get traders to bail out of their long positions.
Note rising CCI (purple line) on our 60 minute chart. Stops set under last hour's lows just got run (why we're sitting down here at the 134.29s)

Still bullish bias.

Target: 136.40

money2mauiforexsignalservice EURJPY

Comments

shayalmathew

⋅ May 8, 2015 4:29 PM

really? should I open another long?

EURObull

⋅ May 8, 2015 4:38 PM

We have been bullish and remain so, until structure tells us otherwise. Becoming comfortable in placing trades takes time, practice, and patience.

We are here to show you how we trade EUR/JPY and if our trades makes sense to you, follow us anytime.
Hope this helps!

shayalmathew

⋅ May 8, 2015 4:46 PM

I know so far you were right. Today USD data was good, definitely that will effect euro too

EURObull

⋅ May 8, 2015 4:48 PM

Yes, the DOW is up 256 points. We don't always trade in direct tandem with the US indicies, but when they pop like that, EUR/JPY tends to follow.