Wednesday, June 4, 2008
Shorting EUR/JPY on June 04-Update
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Dear readers,
I hope you are making money. I think we nailed another daily top. Notice that it went to the top where we sold yesterday at 162.67 and it failed. That is a good sign for the bears of this pair at the present time.
I hope you are making money. I think we nailed another daily top. Notice that it went to the top where we sold yesterday at 162.67 and it failed. That is a good sign for the bears of this pair at the present time.
I am adding a chart to tell where I stand.
As indicated in my plan, the pair went up to retest, but could not reach the high. I re-entered part of what I took off on the visit back to 162.60 area.
Addition to this post: Now the pair is at 162.35, which gives the entry a +37 pips gains. Happy trading guys!
Addendum: While I was waiting for the image to load, I noticed a support at the 1-minute level. I am now going to take some profits.
UPDATE: 9:50PM I just took some profits (30 pips in the bag). Left a part of the position for potentially more.
10PM: I am adding the chart after the most recent profit taking.
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