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Attached are the continuation of past posts wrt
Forex trades in the EURO and YEN vs the USDollar.
FOREX:
EUR-USD:
The Euro trade has completed below
the XOP at 9030 giving a profit on the short.
The initial Short was taken at 9320 after the high
of the second crossing of the 3x3 as it was the 618 retracement
point.
The Short position was increased after crossing
below the 3x3 on retracement levels from intraday charts.(9200)
Because of the strength of the downward thrust, the
Konfluence of F3 of 8220 @ 9080, and F5 of 8710 @ 9050 as well as the
XOP @ 9060, the Profit level was placed a little above the XOP at
9080.
USD-JPY:
There may be an opportunity for the Yen to
strengthen against the Dollar in the short term.
The initial Short was taken
at 117.70 after the high of the second crossing of the 3x3.
117.70 was selected as the
Entry as it was in the region of konfluence of F5 (.618) of the high at 120.00
and .786 ( another Fib level) of 118.50 the immediate prior
high.
As the trade has now crossed down thru the 3x3,
another Short entry may present itself on the IntraDay Chart
attached.
On the attached Fibnodes Chart there appears to
be Konfluence @ 116.35.
An additional Short order could be placed
@116.30 with an associated Stop @ 116.60 (.786)
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