Firstly Looking at the Weekly and Daily Charts we have come into an Area of resistance.
We have started to see a bit of a bearish move on the Daily, looking on the 4 hr we have a few levels lining up.
We have had a 618 retracement, looking at the Fib Extension of the first impulse leg down and the Fib Inversion of the pull back. The 1.27 and 1.414 levels all...
The EURJPY pair has been on an absolute rocket ship recently, looking at a potential opportunity to short here. An aggressive entry would be right at 123.40's, I like to wait for conformation from price action at advanced pattern completion points; however, this is just an idea, one should not trade this set up should they not have a trading plan specifically...
After having several trades saying "hi" to my TP and then turing around to hit SL, this trade reminded me to not taking profits early and rewarded me for not doing so. Market tried three (!!) times to hit TP but also faced trouble at the highs of the range so I first moved SL to X after the second try and after the third try I thought this would explode to the...
