Long

Eurjpy

Updated

I have been selling eurjpy. However, I am currently in with a hedge buy on this pattern back to the D extension at about 133. Not sure this will make it. However I took a 127 pullback and am getting ready to go break even. Still selling from earlier in the year, but I can't resist this possibility to fulfill the pattern on the daily. I will resell above 133 likely if it make it. Thanks!

Trade active

This is going great. 75 pips into this. at 100 pips you should pull break even and take one off. looking for 131 at least. Cheers all!!

Trade closed manually

I'm off this trade with profit and am watching yens to see how they tomorrow.

Note

I like the fact that this pattern is holding. Will look for update to this on Sunday night. Currently we could see this shoot to 130, so I may post another update to this on Sunday. Thanks

Note

Came off a little early. Likely will go without me. still parked lower at 12850 just in case thanks!

Note

See what happens when I pull too early? This will work and will come off at the sub D target. That is why you get the trade out in front of you and just pull to break even and let it go. It's a slow market because it's summer, but they all trot along... a little more slowly in the summer but what the heck. Learn to pull to break even and let them run. They are trending.

hope.bleecker

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