Ichimoku_Trader
Long

Added the CL line ...

FX:EURJPY   Euro Fx/Japanese Yen
426 5 34
Sorry but I forgot to add the CL             line on the last chart. So here it is on this one.
Please follow this new chart and disregard the first one.
Order cancelled: Trade no longer valid
is it right to think about a down kumo breakout, since the last move was downward ?
Reply
For me, all that you see is just a corrective move.
To think short, we would have to break 113.500
+1 Reply
I do not think Long is good Idea. There are some hard resistant and EJ in same situation as UsdJpy which met hard resistant at 104.6. EJ followed UJ for weeks and UJ in correction mode.
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Ichimoku_Trader DinhVanThach
When you do not like the idea ... just don't trade it
Reply
Probably one of the easiest trade this week. EUR has been weakening for a while, and as you can see from price action formed several lower highs with a flat support zone this is basically a descending triangle. So this would be a short trade.
Reply
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