oops
Long

EURJPY daily long

FX:EURJPY   Euro / Japanese Yen
251 1 0
EURJPY             has finally broken out of its bullish pennant on the daily chart .

It will most likely retest first the old high from Sep shy of 104, but given the strong momentum will rally towards 105-106 handle, possible even towards a projected target from the widest width of the pennant towards 106.50-107.00 area

cheers KP
really a shame, but thats trading... having been in the money by 200pips but there was no follow-through on the buying side since end of Oct.
Now market really turned around, broke the uptrend trendline which started in July, even RSI is well below 50.

Have to stop out, pattern is not what I was anticipated. In fact, my pattern was forecasting a much stronger rally based on the potential bullish pennant, but in hindsight it was a bull trap with a massive negative divergence !

Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out