Short still in favour

FX:EURJPY   Euro / Japanese Yen
1523 7 48
Short still in favour
Comment: If you have missed short near channel line then sell on sharp breakdown of flag

Comment: Sell pullback on lower time frame
Comment: Here we got the flag sell breakdown the flag
Comment: Watching price action

I opened two sell positions based on this idea when you created it back over a month ago:)...the positions are still open, and I am quite comfortable with having them open even though they have had gains of over 1000 pips since I opened them, but quite sure they will continue down- just need to be patient. Not much BOJ can do in the short term to calm investors. Here's my view btw;
+1 Reply
Wave-Trader RationalTrader
Agree mate this is how Forex works people open their position and get worried about their position in the very next hrs. Good Luck mate your forecast is really looking nice.
RationalTrader Wave-Trader
Thanks, same to you, lets keep up the great work and sharing of ideas:)
Do we go short now or wait for downside breakout?
+1 Reply
yes but make sure reasonable stop loss mate. I dont know what kind of strategy you are using on it we use sell before the breakout and sell after the breakout and it you dont know then look at my educational idea where you can see how these two strategies work on trend continuation pattern Good Luck mate
elbistan Wave-Trader
+1 Reply
My pleasure mate
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