Balazs
Long

A Potential 2618 BUY

FX:EURJPY   Euro / Japanese Yen
53 0 2
Overall we see a downtrend however there's a well-placed double bottom at the lower trend line which was followed by a trend reversal upwards. Now we're waiting for a possible 2618 setup and planning to enter into a quick BUY position if it retraces to at least the 618 level or better.
Comment: Almost there... but don't get greedy with targets, we're still in an overall downtrend.
snapshot
Comment: Another confirmation of why we don't just take any 2618 double top or double bottom. We nearly hit first target but because of the overall higher time frame down trend, it wasn't a successful trade (Of course profits could have been taken slightly early)
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