mfgfund

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Markets Allocation
100 % forex
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EURJPY 50% | 1 AUDUSD 50% | 1
mfgfund mfgfund EURJPY, 240, Long ,
EURJPY: EJ long setup
32 4 2
EURJPY, 240 Long
EJ long setup

There was a break of the major bear trend line on the EJ weekly chart several weeks ago. So far there has been strong up trend and now 2 attempts to reverse down. The 240m has formed a channel which is likely to retest the 121 level. Buying the low of the channel may lead to a good entry into a 2nd leg up in the weekly trend. At minimum, target the top of the ...

mfgfund mfgfund AUDUSD, 240,
AUDUSD: AU this week.
46 1 4
AUDUSD, 240
AU this week.

AU may test nearest support but I expect an attempt to reach the MM support around 7510. May be a sell for the second larger leg down, or wait for a long around the lower support. Looking for a short, then looking to buy around the lower support area.

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