I have been selling eurjpy. However, I am currently in with a hedge buy on this pattern back to the D extension at about 133. Not sure this will make it. However I took a 127 pullback and am getting ready to go break even. Still selling from earlier in the year, but I can't resist this possibility to fulfill the pattern on the daily. I will resell above 133 likely if it make it. Thanks!
Trade active:
This is going great. 75 pips into this. at 100 pips you should pull break even and take one off. looking for 131 at least. Cheers all!!
Trade closed manually:
I'm off this trade with profit and am watching yens to see how they tomorrow.
Comment:
I like the fact that this pattern is holding. Will look for update to this on Sunday night. Currently we could see this shoot to 130, so I may post another update to this on Sunday. Thanks
Comment:
Came off a little early. Likely will go without me. still parked lower at 12850 just in case thanks!
Comment:
See what happens when I pull too early? This will work and will come off at the sub D target. That is why you get the trade out in front of you and just pull to break even and let it go. It's a slow market because it's summer, but they all trot along... a little more slowly in the summer but what the heck. Learn to pull to break even and let them run. They are trending.