piphunters
Long

EURJPY: Going long looking good

FX:EURJPY   Euro Fx/Japanese Yen
2463 26 57
The pair is at the bottom of the 21 month old corrective structure and this may well be the last lag of structure giving an opportunity to go long from here, the possibility of a break above the corrective structure to start another impulse upwards is very much in the table provided that we continue to go up and avoid a break down of the structure.
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Comment: If we get a break above then I would be looking for a buy setup but please don't make entries based on one price movement, always wait for confirmation before jumping in. Till now there is no confirmation of a break to the downside to me nor a bounce but I am expecting it soon. Let's see.
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Comment: this what we had been looking for
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Comment: update: we have a breakout to the upside
good i am also watching for that... thumbs up...thankyou
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piphunters HarshRanjan
good luck mate
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COMPLETING ABC MOVE ON BIGGER STRUCTURE
this was the first post move down was already point out there
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WE ARE STILL IN THE STRUCTURE
now looking from this angle hope we gonna get the move for which we are looking bro nice setup thumbs up only clear break below will change the structure
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piphunters GoodLuckbabe
nice, waiting to see the developments on both this pair and eurusd
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GoodLuckbabe piphunters
yes i am also looking on both not in yet
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piphunters GoodLuckbabe
euro nearing trend line
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is this still valid chart? im not sure if its broken to the downside or still intact...
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piphunters Hysterics
give it a couple of days for confirmation
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lukacosicnz Hysterics
small 'breakouts' are always a result of natural market fluctuations. If it looks like it's significantly heading down, then that's confirmation that what happened isn't just random price movements.
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Now Im taking it... lets see
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so are we out of this trade now or anyone holding on still?
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piphunters scotttuckerjr
well I have not even entered, this is not a trade setup or trade call but an analysis of my view, I would be taking any entries after confirmation only and to me there is still no confirmation of a break out to the downside yet!
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rajenderam40 piphunters
Great....
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piphunters rajenderam40
thanks
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I went short at 125, yikes, lol. I put my Target at 129. Any inputs on this?
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piphunters scotttuckerjr
mate, how can you short @ 125 and then target 129?? must mean long I guess?
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thanks for the update pip :)
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piphunters Peter_238
you are welcome
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monthly chart shows that ej got a lot roms to go down more...
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piphunters tengkuger
yes if we are going down there is a lot of room down agree
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110..easily
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piphunters tengkuger
table has turned probably now
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Close above 125.100 is safe level to buy..

Thank for sharing your thought mate
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piphunters Al.Massari
my pleasure
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