FX:EURJPY   Euro / Japanese Yen
98 1 0
With rallying, Dollar up , A good risk off trade is selling the euro             against JPY. The 3 Hour shows an ending of a fourth wave at around 50% of wave iii             measured from wave ii which is with in the Fibonacci re-tracement zone that wave fours characteristically retrace. The sell trigger is just below the one bar low and stop loss is just above the wave ii low where the wave count would be invalid. Selling two units and initial take profits is 140.50 where wave i=100% of wave v a Fibonacci extension that gives a good price target that usually hits as well as the sign that wave v would qualify as such passing the wave iii             low.
The trade work out well with a 100 pip gain on 2 units or lots. Did not have to adjust the Take profits as I closed both units at the price target mentioned above. Any comments are appreciated.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out