EURJPY breakdown 11th Aug

Explainations on the charts.
Profit taken on 75% of the position which more than covered for the loss on the EURUSD trade.
Running the remaining position with a stop at breakeven.
Will continue to look for short entries on this counter if it holds under 136.00

EURUSD bounce off trendline 11th Aug

explainations are on the 4hr chart attached.

I’ve put in a buy stop at 1.4160, price hasn’t retraced far enough to pull me in.
I’m considering paying the 5 pips difference to get into this trade, might be worth it but I’ll give price a chance to pull me in first.

GBPJPY interesting consolidations

The GBPJPY is making a consolidation just under the long term daily supporting trendline which now acts as resistance.
And right now, it’s doing another consolidation just under the mid term 4hr supporting trendline which now acts as resistance.
Very interesting isn’t it?
Well, I’ve taken a sell trade on it, explainations on the charts, look at the 4hr chart first then the 15min charts so you’ll understand what you’re seeing. (my art work kindda sux big time =p i’m trying my best!)

 

GBPJPY interesting 28th July

Price testing resistance at 157.60 a few times..

A sell trade was taken near the resistance of 157.60, managed to take some profit and moved my stop to breakeven, but before long I was stopped out, so ave +20 pips only.
Just over an hour later price runs down 100 pips. lol
Maybe I moved my stoploss to breakeven too quickly.

Anyway, I see an interesting development brewing on the GBPJPY, it broke the downsloping trendline, retraced and now can’t seem to get above 157.60 for a continuation move. A sign of weakness perhaps?
So i’m waiting for a setup or something to take me in short.