FX:EURJPY   Euro Fx/Japanese Yen
49 4 4
3 months ago
price has hit a strong downtrend resistance line...and fib resistance

I will enter trade on an attempted pullback to the trendiine

SL 116.4
TP 1 112.00
TP 2 100.5 (longer term trade) completes a bat pattern ...
3 months ago
Comment: See chart below.....for my latest thoughts on this......
Metastock79
3 months ago
Hi,
your entry will be 116.2??
Best regards
Reply
Trendhopper PRO Metastock79
3 months ago
HI Metastock,

Ive just looked at it again very carefully...

The longer term trendline is a bit further up.....Ive also identified an AB=CD pattern and wave 1 and 3.....so I think it will follow this chart...so I won't be taking this trade now...

The EUR NZD trade i posted is a safer trade

snapshot
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Metastock79
3 months ago
Hi,
ok thank you:-)
I will try the EUR/NZD and EUR/GPD!
You are doing a great job.:-) What do you think which one is safer?:-) Anyway i will try both. i prefer the EUR/NZD one
Have a nice weekend
Greetz Meta
Reply
Trendhopper PRO Metastock79
3 months ago
Thank you

I hope you are learning , Im always learning!!!!

Yes go with those trades.....EUR/NZD is the safest....EURGBP should reverse too as ...most other GBP pairings reversed on Friday, I shorted GBP/CHF annd GBP/AUD, they are both in profit now so EUR/GBP will follow suit, its just timing the reversal which is key....look for a higher low for confirmation.... the best GBP trades will be after the shoulders are formed as GBP will have a load of upside to it....and should start testing its pre-brexit levels...of course the market can change and we have to monitor everyday

Oil is excellent to get into as I see it going to at least 46.50 and the .618 fib held on friday....so if you haven't got a long trade...look for a pullback...and go long...or go long when it breaks the 44.60 resistance and pullsback to test the support....

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