channeltrader

EURJPY - Waiting to short

FX:EURJPY   Euro Fx/Japanese Yen
189 5 1
Looking for either a small bounce to the upside to take a small risky position or waiting for a break of 137/136 level and short on retest. Targeting 128.421.

Keep an eye out on the minor channel

For more details on channels, visit http://channeltrader.wordpress.com
HamzaLeith
2 years ago
Nice idea!, here is what I think will happen
snapshot
. Keep up the good work channeltrader!
+1 Reply
channeltrader HamzaLeith
2 years ago
Your target is pretty close to mine. So you see a rally from 126 level? And based on your chart, price is still above the mid line, if i'm not mistaken, so there is an equal chance for a bounce to the upside as well.. somewhere around 140 levels... Quite close!!!
+1 Reply
HamzaLeith channeltrader
2 years ago
Well, if you base your analysis purely on slopes (channel or pitchfork) then the answer is YES. I have a bearish bias due to Elliot wave count: please take a look
snapshot
Reply
channeltrader HamzaLeith
2 years ago
I wouldn't touch EW's with a mile long pitchfork!!! Lol...
Reply
HamzaLeith channeltrader
2 years ago
haha why not?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out