I like the weekly chart, nice tweezer bottoms(if it should close as is). Its “poised” to start a rally, more so that the daily showing reversal CF to end the the retrace.
Manually close below entry(+15pips).
Daily chart showing reversal candle formation at support. Entry after the engulfing bullish formation on the 4H. Stop below the 786, targets 9593 and 9876.
Stopped out, -120 pips loss.
Sorry to hear that - you’ll make it back soon I’m sure - let’s hope with this EUR/JPY trade
I took this one 2 days ago and have watched it go 120 pips against me and about 2-3 from my S/L before coming back down today.
Let’s see some pips now - what’s your T/P?
I’m targeting 121.50 for EUR/JPY
Also just set a stop buy order for NZD/USD, looks like it’s breaching major resistance (on the weekly) at 0.7130 and 0.7200 is also a 61.8 fib level
enter - 0.7200
S/L - 0.7110
T/P1 - 0.7400
I like the short idea on NU seen that the larger waves are heading down. I don’t rule out a small retrace then a higher high seen that its been waving up over the last couple a days. Reversal formations on the daily will determine how I trade it.
You’re right, I cancelled the long order as yesterday’s candle looks ripe for a reversal 
Short stop order placed at 0.7090
S/L - 0.7145
T/P - 0.6960
EUR/JPY - S/L moved to breakeven
Let’s see the pips
First target reach @ 123.00(120 pips gained), stop for 2nd half now at break even.
Manually close 2nd half @ 121.10, 300+pips gained.
Daily chart showing reversal CF at a possible end to the retrace and the 4H showing a H&S pattern. Looking for a pull back to test or maybe break this years low.
Daily short showing reversal candle formation signalling a possible end to the retrace. Looking for a pull back to test or break daily support. Look for short entries on smaller time frames.
Daily showing reversal CF at 618 which has been support with now the 3rd test. Looking for a rally to break or test .9600. Look for long entries on lower time frames.
Its now testing support, its possible we might see a rally, time to exit.
You can view my entry here, Damion A. — MeetPips.com
Its quite possible the present retrace has come to an end with the reversal formation shown on the daily, we might see a bearish pull back on its way to an extension below the previous daily low. Pick short entries from lower time frames.
If and when I enter you can view my entry here: Damion A. — MeetPips.com
A nice engulfing bearish candle has formed today at the top of the retracement on the daily chart of GU.
Yes Sir, retrace might be over looking for a pull back to test or break previous lows.
