Pick of the Day: EURJPY intraday short Short

Euro Fx/Japanese YenFXCM

Description

⋅ Oct 8, 2013 9:02 AM

Update: Failed, stop loss hit.
Profit/loss(pips)=-35

131.65 broken support-turned-resistance may limit further upside, as the short term technical position is starting to look bearish.

Comments

Technician

⋅ Oct 8, 2013 2:59 PM

But whats a bit concerning is the IHS on the hourly char

Technician

⋅ Oct 8, 2013 2:58 PM

Probably yeah, have to admit stop was a bit tight

Ryan_Tyler

⋅ Oct 8, 2013 2:01 PM

Still bearish on this EJ. Waiting for this retracement to complete