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Thanks Peat that is very interesting reading.
As mentioned, I got out last night as the action was confused. Best to be out with a small profit and wait for a clear signal. I have placed a limit long at 136.60 because the harmonic patterns are still valid.
arco
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Wentlong on the DT line break
Currently +112
Could be some resistance ahead circa 138.84
arco
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I've been monitoring this one from the other perspective Arco - I'm waiting for a reversal.
Indeed, 138.85 is a resistance level, followed by 139.48, but hoping for higher goals above 140 before the turn
altiora peto ;);)
http://img137.imageshack.us/img137/8503/eurjpy3ig.png
Xerof
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Arco, are you still long this pair?
Its knock knock knockin' on heavens door at 139.48 trendline, but I don't see any particularly compelling reasons for a turn just yet - maybe we can see it grind on up into the 140 to 142 zone?
Xerof
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chart update - broke through resistance overnight - 140/141 achievable now
http://img436.imageshack.us/img436/2892/eurjpy2qs.png
Xerof
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Morning Xerof
Yes still hanging in.....more to come yet I believe.
arco
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141.00 achieved, but still no obvious signs of turning. (Hanging in there still Arco?)
142.13 looks like a juicy turn level, but may look to put a trailing stop entry in somewhere this week.
Xerof
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under 140 this morning - damn - the 1.382ish fib area foiled higher attempts - apologies.
Its only come back to rising T/L so far, so maybe all is not lost
Xerof
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Well, after NYK close, there's obviously a bearish engulfing candle...
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Hi All
H&S on the daily, see if the neck breaks hey;)
Cheers
Slam
Edit: On second look neck has been broken