Cyclopip

Oh yeah baby! I got lucky and hit a touchdown on my trade! WHO DAT!

The GBPJPY pair broke down from the symmetrical triangle formation yesterday and plummeted to the 145.50 area. Before doing so, the pair climbed to retest the top of the triangle but, unfortunately, it missed my entry order by a few pips.

Whoa! Things were looking fine and dandy when price shot up from my entry point. And then US retail sales were released last night and came out worse than expected. It triggered a sell off in the USDJPY pair, which brought other yen pairs along for the ride!

Good afternoon! We saw broad Yen weakness over the past couple of days, pushing EURJPY higher to my entry level and beyond…way, way beyond to my stop out level! Grrrrrr! Let’s see what happened…

Good morning! It looks like I couldn’t catch a break on GBPJPY as I missed the initial break of the symmetrical triangle, and now the market failed to make it up to my short entry point at 148.50 on the retracement.

Good afternoon! There’s a sweet chart pattern forming on GBPJPY signaling that the pair may break out in the near future. Let’s take a look, shall we?

EURJPY couldn’t find a bid today as sellers came in and pushed the pair lower throughout the three major trading sessions on concerns the economy wouldn’t be able to sustain itself once stimulus is withdrawn.

Good afternoon! My long position was triggered at 130.00 and after consolidating for a short period of time, buyers pounced on EURJPY and quickly pushed the pair back up to 131.00.

It looks like EURJPY sellers were no where to be found in this bullish market as the falling trendline failed to hold this time and EURJPY found its way to my stop out level.

Good morning and what a morning it is with the US releasing this month’s jobs data. We certainly saw massive volatility after the US reported a loss of 216K jobs in August. Even more importantly to traders, unemployment rose to 9.7%. Yikes!