FX:EURJPY   Euro Fx/Japanese Yen
Made a lot of pips from EJ             shorts recently think its time to long
-A bit of channel trading here currently
-Holding a major monthly key level 126.90
-We have bounced of this level previously.
-We have a selection of rejection here shown with long wicks
-Also a "double bottom" we broke slightly lower but its the close we look at.
Trade closed: stop reached: Trade gone against me unfortunately
Could it rally after touching the bottom of the trend?
+1 Reply
Wesual dodejobi1
Sure it can get back to the top of the trend line. but first it has to get to the bottom.
+1 Reply
I agree mate
Reply
jackmyattFX dodejobi1
Yes I think the channel line thats going down the left could be indication of long soon
Reply
i think you enter early and stop was too tight thats why stopped out i believe we are still in the structure
+1 Reply
GoodLuckbabe GoodLuckbabe
snapshot
+1 Reply
jackmyattFX GoodLuckbabe
I saw that I will be watching price action around that area nice analysis mate:)
Reply
jackmyattFX GoodLuckbabe
Yes I agree mate looking back I may have jumped the gun but the double bottom and hold of monthly key level was my indication :)
Reply
Thank you for the chart, hope next time it will not go against you :)
+1 Reply
jackmyattFX kallentto
Yeah thats trading, went against me but no problem :)
Reply
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