Home > Uncategorized > EURJPY 1min Trade (-14pips)

EURJPY 1min Trade (-14pips)

Took this trade. Price hesitating around EMA 62 & 144.

MACD declining and Stoch crossed over and moving out from overbought region.

SL above SMA200 (approx 17pips), targeting previous swing low for approx 25 pips.

30 mins chart looks like this:

EMA 62, Fibo retracement level and price level 121 is pretty close.

MACD has crossed over signalling uptrend could be over. Stoch also moving into sell region.

Bias seems to agree. Fingers crossed.

Subsequent Update

Ugh. Faked out and stopped out. Moving on..

Tags: ,
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: