Tuesday, 6 September 2011

EUR/JPY Analysis

This is a similar setup to the chf/jpy trade placed earlier this week

Bearish pinbar on the daily timeframe. broken through resistance which is now support
Trend is down. Rejection of 8ema. 4hr chart shows today 50% retrace then turn of the 29th Aug high. Looking to go short on 50% retrace of daily pinbar

Order as follows:

STOP: 10999
ENTRY: 10888
LIMIT: 10666

Risk/Reward: 2/1

Posted by at

2 comments:

  1. Tee Man8 September 2011 at 21:16

    stop in a b/e now. Day seems to be ending very bearish

    ReplyDelete
  2. Tee Man9 September 2011 at 18:01

    Limit hit, very bearish follow on from yesterday. 222pips profit

    ReplyDelete

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