We had a nice sell off at the resistance level. Now, things are getting more interesting. EURJPY has fallen back to previous support area. Let’s see if we can catch some bounces here. What do you think? Here is the 4-hr chart.
This is daily chart of EURJPY. Well, you can say we are heading to a mountain of resistance, or maybe we again, prepare for a breakout? Interesting to follow this development. What do you think? Here is the…. CHART! Some technical statistics :
As I’ve mentioned in Twitter, I saw a day trade opportunity to short EURJPY(FOREX:EURJPY). The trade went well, though I did not expect the aggressive selling. Very simple setup, playing with support resistance levels in bigger time frame, and day trade in 15-min chart. I do not make too many of short term trade like […]
I am not taking this trade (EURJPY) due to bank holidays. UK and U.S banks observe Spring Bank Holiday and Memorial Day. I am not interested in trading during holiday session. Anyway, the chart sets up nicely. It provides a nice short setup for short term trade, however, risk is relatively higher trading during the […]
Here we go. My Really Dumb Trend system fires buy signal for EURJPY. It looks a little stupid… 😆 Anyway, let’ see how it work out, and who is the really stupid one. (Click to view the full chart) And here is Sell signal for USDCAD