Eurjpy Spot Price 131.83 I now think that we are at A High Level which is Presumably Expected towards Price arriving at the Expect Low at 126.15 the Daily Bar Close MarK & Low Mark, - Its gets confusing when you don`t know what to expert in the way of swing highs or pull backs - But by my account we should be entering into or somewhere within the -- . . the Daily Bar Low Trend at 126.15 or there abouts as First Support Level & towards Further Lows as of the monthly chart swing lows. Keeping it Forex.
$EURJPY
- Thread starter athlonmank8
- Start date
Eurjpy Spot Price 131.46 Looks like we have started the Trend Low at 132.41 towards 126.15 Low - This is the Daily Chart Low as well Expected Low. - Through my Metric Length Count. So it looks like I was not wrong after all. Lets Wait & See.
Eurjpy Pair Spot Price 130.23 Price Currently On its way Low towards 126.15 Daily Chart Low as of my Forecast. This will be A Good Pair to Trade as of the Chart Monthly Low Cycle. So lots of Profit on the Table.
This pair has been headed south ever since September 26th, so hopefully it will continue to do so. I would have been happier if it had shown signs of reversing southward after climbing above 129.07 and let me enter a short position up there, but hopefully this trade will work out anyway.
The rate has fallen about 15 pips just while I was typing this post. If I were still scalping, I’d be out of it this trade right now and happy pocketing those quick gains.
The rate has fallen about 15 pips just while I was typing this post. If I were still scalping, I’d be out of it this trade right now and happy pocketing those quick gains.
But I was stopped out of the position instead! EURJPY is now up above 129.07, where I would have preferred for it to be in the first place.