158.77 is huge support. There is just no conviction by the bears I think this is moment of truth right here..
At 2:33PM (EST on my clock),I see the top of the day for equities. EUR/JPY is around the top as well. My lock might be a little ahead or a little back. I will see on the fail on current move up. Will post as soon as done/havetime, as I am also about to short equities on move up fails.
I just shorted NDx at 1845.ish. One head is in front of me now (I hope it is the head of a bull, and not my own). Time is 2:40PM. Let us see. I will now look at the bank of bulls (EUR/JPY) to see if it will fail and head south.
2:47PM. I shortest EUR/JPY at 159.175. 1/4 is in. 3 minutes later, another 1/4 is in at around same price (give or take a pip). 2:57PM: rounding nicely. Hope it will go a bit up to the area of 159.27, so that I can enter my second half. 3:00PM: 156.25 is all I can now hope for to get my second half in.
We are at Weekly resistance at 159.10 and near Daily resistance at 159.30. Looks like we go south from here 1H DT?
Just took 27 pips off the table for half of what I had entered earlier. Covered at 158.90 at around 3:35PM.