I am selling EURJPY at market open based only on my technical analysis. The market was so choppy last week, which is why I was not able to find any high probability setups across all pairs. So I just did some scalping and picked up a few pips here and there all week. EJ has been bullish for a while and I have watched it for the last three weeks, finally, it made a convincing break to the downside on friday and now it appears bears have made up their mind to take charge. I AM THEREFORE A BEAR ON EURJPY. May the pips be with you if you are mirroring this setup.
There are some big retail traders out there that say, 'Wait till it drops below the + 50 CCI" . . . Let's see if there right ?
UnknownUnicorn1118164
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@View4U, Yes indeed, thats all we can do - wait for price action to speak, but I have learnt the hard way to trust only my own analysis until my own setup is invalidated by the unthinkable :D.
That is why sometimes you see my entries in very weird places :)