I am going short eur/jpy @165.70 with 1 lot based on the day close. Since jpy crosses may act in a "wild" manner I have SL set at 166.50. Please, do not follow the same trade if you do not feel this is your currency to trade. This week is still quite bumpy for me (net negative) but I can take the risk based on the gains of the last one. Good luck.
7:00 pm EST. Trendlines of the longs was broken at 165.45.
7:30 pm EST. Exiting at 165.50.
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3 comments:
Tamara,
I got in this one when I got in the EUR/USD. They were similarly drawn up and the bottom is falling out. Im sure you will recover on this trade. I am contemplating EUR/CHF also. But I am not going to get greedy.
Jim
Eur/USD is at 76 % fib level
EUR/JPY is at 61.8% fib level &
EUR/CHF is only at 38% fib level
as of 4:46 PM EST
Jim
I was trying to choose a short trade among eur crosess and eur/chf was the best candidate when it was rejected @ 1.6615 from below the rising channel - same kind of setup I showed for usd/jpy on FF recently. Particularly, because frankie's fundamentals were bumped up. Anyway, decided to go with eur/jpy in expectation of further Dow's decline. Let's see how it goes.
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