after slowly slipping from 125 to 124.4, suddenly shoot up to 124.8, i tot it was going to shoot above 125, still placing buys.
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after slowly slipping from 125 to 124.4, suddenly shoot up to 124.8, i tot it was going to shoot above 125, still placing buys.
challenging morning, somehow I've come out on top, but feeling bearish.
125 has been tested for few times, and spike to 124.5 has been seen. i am still in buying mode till 124.5 is breached strongly, maybe to 124.00, hopefully.
buy ej till u drop guys haha. maybe rest buying if fall bellow 124, good luck making tons of money buying ej.
Here's my take on the EURJPY market, from the technical perspective.
On the daily time frame, price action was in consolidation for much of last week, after a bullish move on Monday. Much likely, bulls may take price action to the immediate horizontal resistance around the 125.500 area in the early part of this week. However, on the medium term basis, the technicals on the weekly time frame are in favour of bears.
I am bearish EURJPY in the medium term; so I will wait out the early price action this week .
I may be wrong. Trade safe and prosper.
Have to be careful. If eur and us tonight go with down. And doesn't push up much... Asia probably pull down further... Cautious.
we all take our turn. ej went bit lower than 123.5 which i have expected, and went back to124, managed to close some buys this morning. lets see how it go today
ej nearing 125 again, continue to buy, it may break or maybe not yet, but i will keep buying for now.
after shooting to 124.85, ej dropped back near low 124.0
buying some again, good luck buyers
collected some buys for this week
Opened my chart today and this is it. I closed my other 2 trades for a small profit when the 15min hammer occurred last night, which was premature but my next TP wouldn't have been hit anyway. Break out will be interesting. I'm bearish UJ, Bullish EUR, guess i'm not sure re EJ