Eur/Jpy

Happy New year to all.

Which indicator is this you are using please.

Hope you have a prosperous New year

ej free fall from 123.5 to 118.8, close to 500pips this morning...surely plenty accounts are dead this morning.

Here's my take on the EURJPY market:

Price action on the H4 time frame is disposed northwards, respecting a minor ascending trendline (blue). Technically, the move appears to be corrective in nature. A break of the ascending trendline (blue) by price action on a 4-hourly basis plus its retest producing a bearish setup is likely to provide a feasible sell trading opportunity. On a short-term basis, bulls are favoured to control price action, but on a medium-term basis, bears are technically favoured.

the move was against AUD and JPY, and it happen during Asian session.
AUD went really down ,and JPY went really high.
So AUD buy orders are eliminated and JPY sell orders as well
You try to figure out the rest. We can only guess

TP 2 124.313, mostly because I also had 2 UJ shorts but they turned and I wanted to max profit

I adjust my TP according to PA, watching watching, as long as my trade BE or min risk.. I'd like it to settle below 128.480

Stopped out 1point profit.

Glad I swapped my EJ longs for shorts, very nice. I was thinking EUR would hold better and had 2 small EU longs which lost obviously, but these 3 EJ shorts have compensated nicely. Not holding UJ atm that's definitely an interesting battle. I thought UJ would continue its fall and EJ would follow, not EJ take over. Note have just TP on all the trades, as they are at daily support and I think I'll try re enter next week.

I had to be patient with my EURJPY short, but luckily it took that big dip today (11/23) and I was able to take profits. Moving forward, I would not be surprised if EURJPY moves back up in the short-term

EJ def daily break down, but this pair has burnt me with its indecision so I don't really want to jump in atm. I didn't expect EU to come back down so hard last 8 hours after yesterdays gains. One to watch

Sell EURJPY continue at 127.9x - 128.0x
Sl 128.62
Tp1 126.8x
Tp2 125.2x