GOOD MORNING STEEMIT!
Back into the realm of forex trading today, with a look at the EUR/JPY cross. EUR/JPY is a pair that we've traded before on Steemit and Twitter, so go back and give that blog a read before you carry on if you haven't already been following the narrative.
The levels are pretty much unchanged from back then, bar a slight shift to spikes that made marginally higher highs. When it comes down to it, the levels are the zones and therefore should basically be treated the same.
Take a look at the higher time frame, daily chart first. This is the one that I've slightly moved the horizontal levels up to match that little spike:
EUR/JPY Daily
I love the way that price here is just stepping up alone the trend line, but holding the horizontal zone as it moves.
Moving down into the intraday, hourly chart, I haven't touched the intraday levels:
EUR/JPY Hourly
Price is definitely STILL respecting the levels.
Have you been trading them?
Just to wrap things up, a gambling degenerate from Australia like myself can't let the first Tuesday in November go by without pretending I know what I'm talking about when it comes to Horse Racing.
If you're not familiar, pretty much all workplaces stop to watch this 1 horse race every year called the Melbourne Cup. Victorians get the day off and the rest of us basically do half days full of drinks and office parties.
Get around the fast finishing Humidor.
Peace!
Please leave a comment with your ideas or just share a chart.
Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.
Twitter: @forexbrokr
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