Thread: EUR/JPY

my chart

Want the atmosphere , euro is too strong. I believe they will never hit 129!

In case it gets through 130.8, then it may become more bullish this week

however I think there is more downside to come in the near term

Stuck under 132.2, could be a sign for more selling afterwards

Originally Posted by ;

stuck under 132.2, could be a sign for much more selling later

great, currently near 131.2

Okay, now we are going to 130.8 second

It is remarkable. I should start posting every time I enter a trade so everybody here can STAY OUT or choose the opposite side as the market has ceased me.

I moved short around 131.35 in expectation of the highly probable movement that would happen downward and got stopped out all the way up at 131.90. I am not positive whether this spike was news associated or the market makers had me and bears in their sights but it's discouraging to say the least.

Did any traders stay out and for what reason? Can the bullish spike have been expected?

It is always when I wait patiently to get a spike / pullback before the actual move I miss out on large quantity sweeping trades going price in the direction I had in mind and when I don't wait for this shakeout to happen I end up getting stopped for this. But in this trade, there was a false rally on 131.80 that immediately sold back to 131.40 so the bulls driving price up in this trend was not expected in any way. Truly perplexing.

Here is the chart:

Originally Posted by ;

It's remarkable. I should start posting every time I enter a trade so everyone here will STAY OUT or choose the side as the market has ceased me from every trade in the previous fourteen days. I moved short around 131.35 in anticipation of the highly probable movement that would occur downward and got stopped out all of the way up at 131.90. I'm not positive if this spike was news associated or the market makers had me along with other bears in their sights but it's discouraging to say the least. Did any traders remain out and for what reason? Could the bullish spike...

yea, look at my post from earlier this week at which I show on the chart where the pair could go

it moved right where I called and reversed

https://forexintuitive.com/discussio...ease-risk.html

Originally Posted by ;

quote yea, have a look at my post from earlier this week where I show on the chart where the pair could go it went right where I predicted then reversed https://forexintuitive.com/cryptocur...ng-indior.html

Hey, sorry but where do you say price could spike up 80 pips to 132 prior to continuing its bearish move? Are you saying that I need to have put my SL about some SMA rather than high? Thanks

Originally Posted by ;

quote Hey, sorry but where would you state price would spike upward 80 pips to 132 prior to continuing its bearish movement? Are you saying that I need to have placed my SL about some SMA rather than preceding high? Thanks

it shows that if you had your stop in 132.6, then you'd have been saved