DailyFX Forum - Conversation Between gandalf and brad

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Conversation Between gandalf and brad_1199

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Conversation Between gandalf and brad_1199

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02-08-2009 01:45 AM
brad_1199

Hi there Gandalf, I recall that you had said you entered long EURJPY in size when I was looking for an up move that turned out going very sour... I hope you exited before any major damage was done to your account... And my appologies for that call.. It was one of the few times when Candlesticks, Fibonacci, and a possible Elliott Wave count all lined up very good and things still went bad.. Honestly, it surprised me when price turned down.. The bullish candlestick that had formed on the monthly chart of EURJPY right at a 61.8 Fibonacci level should have forced an up move, but the fact that it didn't and price caved right in tells one thing for sure... The bearish sentiment in that market is severe, and I have no doubt in my mind now that we will see prices at new multi-year lows below 88.87 in the future..

All The Best To You ;)

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