the girl spotted a W so we;ve put in a trade on it for her. she can pay up if it loses ;)
sell @ 158.56 stop 159 take 157.5
Printable View
the girl spotted a W so we;ve put in a trade on it for her. she can pay up if it loses ;)
sell @ 158.56 stop 159 take 157.5
looking like a short in play on this one which may back up short on eurusd
trendlines converging
butterfly and a gartley prz around 165
shooting star candlestick
divergence on hourlies
apologies i have chucked up prettier stuff than this chart
short from 164 sl 165
Hi All
Yes looking quite interesting now for a potential reversal
pattern in the green box, and off the upper channel line
rgds - arco
looking like a move is on
200 + but still eur weakness rather than yen strength
so should accelerate lower when yen comes in
the dilema of risking big counter rallys but hanging on for the big move lower
my target on this one 155 , lower TL now established looks like you could still short with a risk limit 16320
personally i try and jump on probably too early at the turn to be able to ride the big moves
but i do get stopped a fair bit because of that .
Bilo
IMO its always wise to expect large wave gyrations in crosses like Eur.Jpy.
What we are seeing here now is a retracement of the previous move. Check out my recent post on Gbp.Nzd thread and you will see one of the many ways of dealing with this potential move/setup.
rgds - arco
Thanks for the reply Arco. i had a bit of trouble finding a thread and then uncertain of what I found. NZD.GBP. A Xerof post. Does this suggest that you either let it run or sell at the new established point? it raised the question of how high is it likely to retrace to?
Hi Bilo
No you want to be here - post #2 (Sperandeo)
http://www.sharetrader.co.nz/showthread.php?t=5947
rgds arco