Short EUR/JPY

Price 166,38(weekly close , 13 of June 2008)

Euro-Yen is still in consolidation(triple three running correction) from the past week.

We have to complete the consolidation formation(triple three running correction) and then to make the 5th of 3th wave around 168.00/40 levels,

or

to drop down to test 165 level with posible drop to max 163.80-164.00 levels(61.8% fibo projection retrace levels from 161.72 to 167.13) and then to go up for 5th of 3th wave at 168.00/40 levels.


Further resistance and critical point to go up is 166.93 , then 167.70 and 168.35.

Further support and critical point to go down is 165,65 , then 165.10 and 163.80-164.00.

See the Charts attached below.

http://currenstock.hit.bg/Euro-Yen-Daily.PNG
http://currenstock.hit.bg/Euro-Yen-720M.PNG
http://currenstock.hit.bg/Euro-Yen-60M.PNG
http://currenstock.hit.bg/Euro-Yen-15M.PNG


Sincerely yours,

Mihail Mihaylov(Thomark)
 
I called it a top at around 9:18PM (EDT) on my blog. I then went out for dinner. I do not know where it stands now, but my call was that the top between 8Pm and early hours of June 16 would be in area of 166.80 to 166.85. The top was called when the pair was at around 166.55 earlier in the evening.

I could not start OANDA system. Where is it now? (11:30PM).

Check the blogat for my call and trades: http://financialtraders.blogspot.com
 
I was right about the break of the highs on the weekly would make the difference.
That is the main reason the price breaking last weeks highs! History paints a good picture to determine future results. :)
 
Quote from TRAS:

I shorted this pair at 19502, the problem is the gap is not filled that can be a problem. 31 pip stop ......time is 6:11am

Testing new platform FXDD
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So how was your testing of the FXDD platform? What did you think of FXDD and your dealings with them?

TIA! :)
 
It is a Forex Broker that is Bad news,
Will not place your deposit in the account
Will requote price until your in a loss
The platform freezes and all profitable order are lost.
Will not let you make quick withdrawals.

:mad:
 
It can only be used on this brokers platform, It made 2400 to 5500 a week tested it for a month, now im having problem with the deposit in the account, it is lost. Liteforex SOB
 
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