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Bastosai
May 17, 2017 9:19 PM

EURJPY - D - SHORT Short

Euro Fx/Japanese YenFXCM

Description

I messed up the charts but the idea is there.
On daily (on the right), I anticipate a break of PAC and at least a pullback from a TDI perspective to RSI50 & MA.
On 4H, the PAC break has already happened but it is only now that we get below RSI 50 & MA.
So my point is that we shall see further breakdown on this pair.

Comment


It will be a long trade. Daily is still down but 4H will have a nice rally to 124.X.
Let's see.

Comment


We entered a bit too late on daily and have faced a logical throwback. 4h TF could indicate a bit more downside.

Comment

I'm still mixed with this trade, so I put SL@be and let it run.

On daily we can see a down trend starting, but 4H is entering oversold area.
As we are in this trade for a long time now, I'm not taking any risk nor taking some profit too soon. We avoid the SL so that's half bad.

Comment

My TP1 is 121.6 and TP2 120.3.

Trade closed: stop reached

SL@be touched! Null trade.
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