Euro / Japanese YenShort
EURJPY Potential Cloud Breakout
Updated
Potential cloud Breakout
The Monthly direction is down
Pair is in the Sell zone on the Daily
and is at major resistance levels
Since this trade is several hours away from a
set-up I can not provide specific order details
That said there is 2 ways to enter this trade:
First, on a 60 min close below the Daily Kejun Sen (blue line)
Second would be a cloud breakout satisfying all the criteria;
1) a Cloud breakout
2) A TK cross
3) The Chikou is below price
4. A future Kumo twist
** Also the close of the breakout candle must close below the Daily Kejun Sen
The Monthly direction is down
Pair is in the Sell zone on the Daily
and is at major resistance levels
Since this trade is several hours away from a
set-up I can not provide specific order details
That said there is 2 ways to enter this trade:
First, on a 60 min close below the Daily Kejun Sen (blue line)
Second would be a cloud breakout satisfying all the criteria;
1) a Cloud breakout
2) A TK cross
3) The Chikou is below price
4. A future Kumo twist
** Also the close of the breakout candle must close below the Daily Kejun Sen
Order cancelled
Unfortunately, Although EUR is weak so is JPY and although JPY is slightly stronger then EUR, it is more likely that this pair will be in a range today then breakout.
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