Short EUR/JPY

I am short @ 163.45 since 8:18 CET,
and getting ready to cover (if we bounce strongly) and switch to long.

 

Covered @ 163.18, +27 pips,
and switched to long at the same level.

 

stopped out @ 162.81, -37pips.

 

EUR/JPY You have a secondary trend line about the 162.52 to 162.42 you will see a lot of heat is this area, this is a wave formation line that is not seen by normal software.

Look for confluence in this area. Have a good trading day! This is where you might see a bounce.

 

I found it is a big support area from 12/07 and 1/08 E/J

 

2:11AM: shorted 1/2 of intended size; EUR/JPY at 163.80. First target is 163.40 area.

2:16AM: added another 1/4 of intended size to the above position @ 163.82.

 

Shorted 163.63 last night, exit on 30 pip moving stop this morning! E/J 30 pips +

 

163.76 buy 6:04 pm
10 pip stop
due to surge in other markets we decide to buy. Risk 10 pips

 

stop out a 10 pip profit E/J

 

From all indications market flow is up, until it break below the trendline. E/J



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