$EURJPY 22 Nov 2010

We have a gap up during Monday Asian morning. I have two levels in my radar for potential short position. It is the confluence of resistance level, Fib extensions and channel median line.

Setup

Here is the CHART to confuse you.

eurjpy_22Nov2010_H4_BearishB — $EURJPY Bearish Harmonic setup

Update 24 Nov 2010

This type of 'fast-and-furious' sell off does not happen very often, but I try to make sure I am in the market when it happens. Last piece of EURJPY short was closed few hours ago. Market seems to be a little messy now. I have no position at the moment, prefer to watch and wait for the market to settle for now.

Here is the CHART

Comments

Historical comments are preserved here. New comments are closed.

John Adams — Trackback2010-11-21 11:46:27 UTC

$EURJPY 22 Nov 2010: We have a gap up during Monday Asian morning. I have two levels in my radar for pot... http://bit.ly/cWNyQn

Gav (Trader Gav) — Trackback2010-11-21 11:47:46 UTC

Have a look at $EURJPY http://bit.ly/cCtSwg

Adam Jowett — Trackback2010-11-21 12:28:46 UTC

RT @tradergav: Have a look at $EURJPY http://bit.ly/cCtSwg >> nice analysis Gav

LessSugar.MoreSpice — Trackback2010-11-21 13:56:28 UTC

#harmonic RT @tradergav Have a look at %EURJPY http://bit.ly/cCtSwg

Gav (Trader Gav) — Trackback2010-11-23 08:50:21 UTC

Update of $EURJPY. (Look at 'Update 24 Nov 2010 tab). http://bit.ly/cCtSwg

Serj Ts. — Trackback2010-11-23 08:53:49 UTC

RT @tradergav: Update of $EURJPY. (Look at 'Update 24 Nov 2010 tab). http://bit.ly/cCtSwg

$EURJPY 22 Nov 2010

Setup

Update 24 Nov 2010

Comments

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