let the sellers sell. i say its time for bulls to come in.
engulfing candlestick - daily H&S - daily break and retest of consolidation - 4hr break and retest - 2hr + engulfing candlestick. momentum bullish since the EURO is melting currently .
like i stated eariler, i expected this to drop. now we have our classic entry of a break and retest.
yes we are still looking for bearish moves. we have a trendline break and retest.
really bearish and hard to get in at the moment.
price reached our golden retracement and took out some sellers. now its time for the real move.
resistence, price struggle from the top. doji candlesticks within strong previous resistance.
1. trade pullbacks 2. measure pullbacks 3. profit from pullbacks (either money or wisdom)
pullback phase. Going to take partial profits on $55 then hold the rest to $57.
we have a long way down. buckle the fuck up.
got out at break even and the market changed sides. i am no longer short on this pair.
i broke even on my last couple JPY trades. im still thinking to the downside on this pair.
down down down we go going witht the trend