Eur/jpy

Discussion in 'Forex Trading' started by athlonmank8, Dec 13, 2012.

  1. 109.8 Could potentially put the brakes on this thing for a little while.

    Level to keep an eye on.
     
  2. chart -

    [​IMG]
     
  3. Red lines are other levels. Not a suggestion
     
  4. Short @ 109.79. Stop above 110.15 for a swing. 36 pip risk.
     
  5. 15 min looks game. If it breaks, stop on 1/2 the position will be moved to B/E.

    Initial target is 109.30 for 49 pips.

    [​IMG]
     
  6. Out +25 on the remaining 1/2. Still needs to break L-T support.
     
  7. Looks like it should hold .....

    [​IMG]
     
  8. 109.3 target hit.
     
  9. FIRE! There's a FIRE! :p :D
     
  10. 114 is the current target..
    However next 1-3 months we would be going around 120-125 zone.
     
    #10     Dec 20, 2012