Comments on: EUR/JPY fast approaching technical resistance at 131.10 https://fxww.com/eurjpy-fast-approaching-technical-resistance-at-131-10/ The Professional Source Wed, 17 Jul 2013 11:17:38 +0000 hourly 1 By: Lam-Son https://fxww.com/eurjpy-fast-approaching-technical-resistance-at-131-10/#comment-24896 Wed, 17 Jul 2013 11:17:38 +0000 http://381c099c8f.nxcli.net/?p=9548#comment-24896 In reply to Sean Lee.

Noted with thanks!

]]> By: Pete https://fxww.com/eurjpy-fast-approaching-technical-resistance-at-131-10/#comment-24893 Wed, 17 Jul 2013 09:26:10 +0000 http://381c099c8f.nxcli.net/?p=9548#comment-24893 Thanks Sean. Am short as well at 131.25 and luckily didn’t get stopped out.

]]> By: Sean Lee https://fxww.com/eurjpy-fast-approaching-technical-resistance-at-131-10/#comment-24889 Wed, 17 Jul 2013 08:59:06 +0000 http://381c099c8f.nxcli.net/?p=9548#comment-24889 Hi Pete, yes still short and just sold small at 131.10 after spike higher failed and reversed. I will stop out now above 13150. Not 100% sure on CHF, positional adjustment as usual but support still relevant at 12345

]]> By: Pete https://fxww.com/eurjpy-fast-approaching-technical-resistance-at-131-10/#comment-24888 Wed, 17 Jul 2013 08:18:58 +0000 http://381c099c8f.nxcli.net/?p=9548#comment-24888 Hi Sean, eurjpy hit 131.2 but no follow through so far. Are you still holding your shorts? Am actually tempted to put a short at current level with stop 131.4. What’s your view? Thanks.

In addition, may I know why is chf strengthening these 2 days? the cross pairs eurchf gbpchf and usdchf are being battered again as I type. Positional adjustments ahead of BB? Thanks.

]]> By: Sean Lee https://fxww.com/eurjpy-fast-approaching-technical-resistance-at-131-10/#comment-24886 Wed, 17 Jul 2013 08:12:34 +0000 http://381c099c8f.nxcli.net/?p=9548#comment-24886 I agree 100%. My most successful technical trades have come from this type of reversal pattern. Of course I lose some as well but the risk-reward is massive so it usually pays to play them imho. BUT wait for perfect horizontal patterns and only at major chart highs and lows. DO NOT look for H&S reversals mid-range

]]> By: Lam-Son https://fxww.com/eurjpy-fast-approaching-technical-resistance-at-131-10/#comment-24884 Wed, 17 Jul 2013 07:50:26 +0000 http://381c099c8f.nxcli.net/?p=9548#comment-24884 According to statistics, head & shoulder is the most reliable pattern (having highest success rate), followed by the double bottom pattern. But whenever I traded a H&S, I got kicked out 3 out of 4 :p

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