IvanLabrie
Short

EURJPY: Potential position trade setting up

FX:EURJPY   Euro Fx/Japanese Yen
296 21 11
We have an interesting scenario here, with the possibility of Nikkei topping, and the Euro             on the verge of being devaluated by the ECB's monetary policy .
The setup offers a great risk/reward ratio, so I wouldn't hesitate to take it.
Target is the AB=CD completion from the top to the current sideways range, but it will probably offer plenty of shorter term opportunities to scale in and book partial profits along the way.
Good luck!
Trade closed: stop reached: Profitable short.
Selling any small rally here, keeping a tight stop and 1% risk.
Reply
snapshot


As long as price is above 128.834, we can expect to hit the dark red square.
There'd be an uptrend timer running if today stays above the highest low level, so I'll wait until that expires or is invalidated by either not reaching the target on time or crossing down below 128.834 to short this pair again.
RgMov shows there's resistance ahead, and room before reaching a new 2 month high (which would change the bias to bullish).
Reply
snapshot


Weekly offers little clues...when your multi-week short target is reached in one week, there is a high probability reversal chance, and that's what's going on right now.

Daily shows a strong bullish reaction, we need to wait to continue shorting this pair, or chance stance if the weekly mode is retested above.

snapshot
Reply
Cancelled pendings, waiting for news.
Reply
price hit my megaphone target, and overrun the big neck line a little bit
bullish divergence bounce it back big time, but megaphone resistance could still in play
snapshot
Reply
jangseohee jangseohee
momentarily broke back up the lower megaphone line after IHS
snapshot
Reply
If we cross the black line down, we won't see a retracement, if we don't, we can retrace to the next red line, or move sideways for a while before continuing down. I'll update with a continuation setup in the daily once I see it.
Target remains in force:
snapshot
Reply
IvanLabrie PRO IvanLabrie
snapshot


I'll place this order now, missed that spike.
Reply
i don understand Harmonic at all :-)
have you seen me using even 1 time ? :-)
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out