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.
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'.
Didn't work unfortunately.
ForceFollower motleifaul
Yes. Markets often find their unique way to sneak out of the frames of even the best study.
It's a good study, nothing to complain. So I joined you.
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