Short EUR/JPY

We got the bounce on the E/J Posted over the weekend! Simple 12345 wave count nothing special>>>>>>>>>>>>What is great is look at the moon tonight that should tell you something!
 
Short 160.00. I have an expiration-range Euro-convention exotic coming off tonight during the Japan afternoon session; 159.00 - 161.50.
 
The G/j is making Record lows going back a few years where Major support is so this might be a good area for a bounce. Up Volume has increased with each wave down so volume was making higher lows.
That was the red flag right there!
 
Quote from atticus:

Short 160.00. I have an expiration-range Euro-convention exotic coming off tonight during the Japan afternoon session; 159.00 - 161.50.
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Covered the 160.00 short at 159.60.
 
8:56PM: shorted 1/4 of size at 160.31 EUR/JPY.
9PM: shorted another 1/4 @ 160.32
9:02PM: shorted another 1/4 @ 160.33
9:08: shorted another 1/8 @ 160.39.
9:11PM: Shorted another 1/8 at 160.37. entry completed (all intended size is in).

Current assumption: a "fast" retreat by some 20 to 30 pips. Plan to take some profits, and re-enter lost parts in position on revisit of most recent high (160.40 ish) sometime later.

If I did not enter earlier, 9:26Pm (now) would have been "ideal" to enter. But I have entered what is planned.
 
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