Sold EURJPY @ 124.78

17.01 gmt

I’ve been hesitating shorting the yen pairs and especially EJ has kept going down. It is clear that we are in a correction, I can’t say how far we’ll go. I’m waiting for a correction, but have decided to enter half of my allotted order size here. If we do get a bounce, I’ll enter more short again.

Short $110/pip EURJPY at 124.78. Stop at 125.50.

I hope the correction does not come in the next 4 hours as I need to catch some sleep!

Advertisements

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s