EUR / JPY


SLT

Official GDayFX.com Rep
Ok look closely at this chart, the sell signal that just took place, now 40 pips lower...
can you see all 3 things aligning?

correction, that was 50 pips in a flash...
 

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jack

Administrator
Staff member
Yeah, I was looking at this too, but it moved too quick for me to do anything about it. :(

French PMI data was the trigger..

Perhaps there's still more downside ahead with German PMI data in less than 2 min from now.. if the trend continues.. but I have a hard time getting into stuff that I feel already moved from my desired entry.
 

jack

Administrator
Staff member
Nope! Numbers came out more positive than forecast.. I now wait to see what the market does.
 

SLT

Official GDayFX.com Rep
It came back up for another go, i decided to short it, took half off already to
breaking even after nzdjpy stopped me out, see if i can get some legs out of this trade...
 

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sqa

Village Scribe
Where did your fill end up landing? Honestly curious after that nice sell-off today.
 

SLT

Official GDayFX.com Rep
This leg up has been bouncing off 15 minute order blocks and the like, since yesterday
We could see a reaction around this level shown
If price reverses now, it still might want to hit that level possibly
 

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AusDoc

Well-Known Member
Totally missed the move yesterday so settled for some crumbs. Liking this pair lately, very smooth and predictable.

 

AusDoc

Well-Known Member
Here's a chart you don't see every day. Shows EURJPY reaching 2008 highs.



The chart "shows the ratio of Japan’s monetary base to Europe’s jumping to a record. Japanese traders and investors refer to this gauge as a “Soros Chart,” after billionaire investor George Soros correctly predicted in the 1990s that the yen would weaken because of Japan’s burgeoning money supply."

Source: http://www.bloomberg.com/news/2014-07-21/soros-chart-shows-euro-yen-reaching-2008-high-chart-of-the-day.html
 
The EURJPY pair formed bearish gap recently, reinforcing the continuation of the negativity by recording some targets by touching 123.50 level, and due to the strength of this barrier, we expect ...
 

jack

Administrator
Staff member
The EURJPY pair formed bearish gap recently, reinforcing the continuation of the negativity by recording some targets by touching 123.50 level, and due to the strength of this barrier, we expect ...
What setups are you looking at? Can you provide a chart image and walk-through?
 

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