TAS
Short

EURJPY compressing on correction

FX:EURJPY   Euro Fx/Japanese Yen
261 3 20
Price is compressing on a trendline convergence. Added last week to this position and will add again when it comes below the red trendline or the blue dashed, depends on price action untill then.
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My strategy tries to anticipate the market. If what is expected happens, a trigger will be searched for.
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dchua1969
3 months ago
do you think this pair has some co-relation with EURUSD? I had short both EURJPY and AUDJPY. EURJPY(EURUSD is down) is down while AUDJPY is up (AUDUSD is up). thanks
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TAS dchua1969
3 months ago
Thanks for the comment. EURUSD has -68% correlation with USDJPY http://www.myfxbook.com/forex-market/correlation/EURUSD
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TAS TAS
3 months ago
With EURJPY has no relation. AUDJPY I'm also going short
AUDJPY correction bearish view
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