piphunters
Short

EURJPY: Sell breakout and expect huge impulse down!

FX:EURJPY   Euro Fx/Japanese Yen
855 12 29
The pair has broken out of a smaller degree correction and is heading down where we meet the bottom trend line of the current channel it is in, any break down of this channel is likely a huge impulse which will see the pair heading south in the coming days!
Comment:
snapshot
Comment: we have plenty of room to the downside!
Comment: IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
what about the horizontal restistance? 121.70 to 121.40 do you only trade the channel breakout?
Reply
I don't know about resistance since I don't trade S&R but of course there are underlying factors in deciding direction apart from BO too. If you are in it good luck!
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let see where it goes
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let's see!
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Perfect!
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thanks
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Nice call I'm with you and seems like my long term analyses is still correct. Great pair for coming months if you ask me. Good trading to you!

EURJPY the buy will come but not yet.
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piphunters TimStuyts
yes! good trading and thanks
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BO = Buy order?
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break out
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Nice analysis. Thanks!
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piphunters BrunoSalles
you are welcome
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