Thread: EUR/JPY

Originally Posted by ;

We got a slow and good upward movement here, seems like a lot of buying and selling. Seeing as the movement was a movement that is down, anticipating drawback to restart. EUR nevertheless considered weak, so expect to test 129.3 support level

Little down movement so much with enormous EUR drop but this is EUR weakness rather than JPY strength

Currently at support level around 132.1x, weekly looks like it may bounce off the MA and move lower

EURJPY DAILY

Originally Posted by ;

quote Little down movement so far with enormous EUR drop but that is EUR weakness rather than JPY strength Currently at service level approximately 132.1x, weekly seems like it may bounce off the MA and go lower

JPY weakness now round overpowers Euro weakness

EURJPY is pushing higher while USDJPY is through the roof.

133 is possible here

Originally Posted by ;

quote Out, -24

shorting makes sense closer to 138.20-50. Until then let it run out of steam.

Originally Posted by ;

I started one sell position in the morning in 132.89, SL 133.15, TP1 132.30 (weekly), TP2 132.05, TP3 open. Moved SL to open price. Second sell opened at 132.78, SL 132.90, First TP 132.05, next TP open. I will move SL to open price as soon as possible.

Why several entries? There is enough liquidity for you here...

assuming you have a average 2 pip spread and 12 pips SL You're murdering your account, gradually but You're killing it... you should have a SL for minimal 20x the spread and TP should be possibly 25-30x not more either...

GL