EUR-JPY -Anyone else see a short setting up?

Last 3 days, cannot get past 165, euro is not showing strength today against the dollar which seems stronger. All 3 jpy pairs going up at the moment but not convincingly. Anyone have input on what the fundies are saying?
It looks like a relatively low risk short, as a close above 165 on the hourly is less than 40 pips away, downside target could be much more than that.

Any comments?

I think its setting up to break 165.00 as we speak.

Why?
Fundamental reason, or something on the chart that I am not seeing??

More input please :smiley:

Its moving choppy at the moment, but price bounce of an uptrend line on my 1hr chart move up about 66pips(164.72), looking for it to move another 60pips up to complete an “A,B,C,D”.

OK, thanks for that … I am still learning :wink:

I shorted at 164.84 and exited at 163.96, good enough :slight_smile: Would have loved to have held overnight, but … I don’t trust myself enough yet to hold through news… oh well, I think the euro is shortable on any good bounce for awhile.

Congrats. I’m still anticipating a “real” bullish move above 165.00.
I have a short position open +50pips, Its creating a nice little downtrend, hopefully it stays down.

Short Entry @ 163.65(close of IB). Multiple signals, this was a perfect trade. Risk was only 20pips. TP-1 hit. The TL break but it was a “bull trap”. See pic below.


4xStar,

Any update on your EUR/JPY short?

Yep; two months ago:

“I shorted at 164.84 and exited at 163.96, good enough”

I’m planning to short on rebound.

Seems like the thread is not moving, lets get it going again and make some pips here on EY.:slight_smile:

Long at 118.25 TP 118.65 SL 117.56

Follow at own risk.

Either TP at 118.65 or take half off put SL at BE and let the rest run to 118.99

Follow at own risk

TP1 hit at 118.65

TP2 hit at 118.99

sell limit at 120.95 TP 120.26 SL 121.44

Lets see how this one works out. (cancelled)

Due to an upward move in equities I tend to be bullish biased so will take a long.

market order long at 119.90 TP 121.22 SL 119.02 (SL hit)

Goodluck

Buy at 119.0 SL 117.22 TP 120.88

Goodluck (who ever reads this:), these are my own EY trades if you follow do so at own risk).

Taking off half at 120.20 moving SL at BE +50.

Free trades are the best.

Enjoy

2nd TP hit.

Sell at market 122.0 SL 122.90 TP 120.80 (SL hit)

Will take anotehr short at current price 122.90 SL 123.90 TP 120.80

Took off half at 121.80 and moved SL to BE +10 for the other half.

Took second half off at 122.70, IMO EY might go up more this week.

All by all 110 pips on this trade, not bade for the first day of the week.

Long EY at 122.90 TP 123.75 SL 122.10

Moved SL to BE +10

Taken trade off at 123.45 not enouhg follow through and lots of news later, anyway +55 pips enough for me today.

Long EY at 124.40 TP 125.40 SL 123.20

and another +100 in the bank:)