I believe EUR/JPY is going to go up much higher... This isn't a short opportunity but rather a long
mkdeep04
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looking good... then eurusd is short also ?
HumairDawood
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Whole year YEN had been selling and i hope we get to buy now at the end of this month ) price is at top and would be a perfect spot to take a short position.
Mairita
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Thank you for update,was waiting for it!
Mairita
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Any updates?
KarimSeg
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but its resisting that support line, isnt it better to wait for a breakout?
hao.deng.m
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yes, a sell setup. But I don't agree the way you draw the trendline, it is misleading.
KarimSeg
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@hao.deng.m, where would you place it? im not convinced with this one, it makes it look like its resisitng
hao.deng.m
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@KarimSeg, I don't use trendlines anymore, coz there are useless. Break a trendline doesn't mean anything. Structure keep changing and your trendline keep adjusting again and again, this is nonsense for me. Market move up, move down, side ways, you don't need a trendline to see that. Sorry for offending trendline traders, but it just doesn't work for me.