11:19PM: I just shorted EUR/JPY @ 162.81. 1/2 of intended size. Will add more if it goes to area of 163 and fail. But my current calculations are telling me that it can start breaking anytime in the next hour.
Japan Holidays: 5 of May: Holiday: Children's Day 6 of May: Holiday: Greenery Day Observed Europeans could want to short yen...
There is positive divergence waiting for follow through, Made 10 pip stop out and back in at 162.67 10 pip stop!
Cover short from 162.72 at 162.67(08:25 EDT)+5 and another short from 162.85 at 162.74(05:59 EDT)+11. Long EUR/JPY 162.78(05:58) , will add if goes down
it is moving now, trade at your own risk! Volume is moving up! Have to go to my Norfolk Va. warehouse for parts. SY