moorekapital

EURJPY: ULTIMATE TARGET: 127-124

FX:EURJPY   Euro Fx/Japanese Yen
122 5 8
a year ago
Analysis on chart....

141-138 has been a KEY RESISTANCE ZONE to short this pair.

I Will be looking for shorts below big black zone or @ red zone.
Ultimate target is sea blue zone

Regarding the nature of this market, including GBPJPY             , I prefer to play them on daily, with my weekly levels to catch huge pips with a moderately sized risk.
Shorter time frames like 4H and 1H are no go zones for me, as far as these markets are concerned.

And so, whilst waiting patiently for these setups, I'll ignore this for now, and move on to other markets.



MooreKapital


Building Stable Wealth With Patience
a year ago
Comment: Awesome! ;)
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Related Ideas

alex.a
a year ago
^_^
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moorekapital alex.a
a year ago
IFF 127-124 KEY ZONE taken out, then we see bottom of start of the bull channel =120-116 ZONE.
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Rocketman PRO moorekapital
a year ago
cool!
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moorekapital moorekapital
a year ago
Price moving away from fair value...??? ;)
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moorekapital moorekapital
a year ago
Short.....????

Looks disconnecting from fair value here, on this leg,YES! But, price a bit away from MEAN = a trade I'd avoid. Plus, I'd prefer it breaks April 2015 low, and come back for retest . By which time, price could be on MEAN= my idea zones to take shorts. UNTIL THEN......:P
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