ForceFollower
Short

Gravitating towards the multipivot line

FX:EURJPY   Euro / Japanese Yen
121 5 1
The multipivot line at 125 is my current target. It's a coincidence of a major horizontal support, down sloping median line and an up sloping sliding parallel. If I get it right, it should act as a magnet. Then, if it holds, we may see a bounce back up to 128, otherwise - esp             . upon a fast 'zoom-through' - we may get down to the lower border of the pink channel and not stop until we see 123 or, in the extreme case, 120.
You left the deal open.
I also think we could try a short now.
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ForceFollower motleifaul
Sorry my idea failed. Perhaps you're right and a new short will be successful from this point on, but I won't try again in this market. I'll pass this time. I can't read this pair well, it's in a state that in my trading model is labeled as 'go flat'.
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Didn't work unfortunately.
Reply
ForceFollower motleifaul
Yes. Markets often find their unique way to sneak out of the frames of even the best study.
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It's a good study, nothing to complain. So I joined you.
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