EURJPY 60/15 Pullback or Reversal
Overall down trend on 60. Currently challenging the seller area. Trading plan:
1) Go short, if it break current S1. SL at previous high. TP neatest S2.
2) This month lowest created (126.637) wonder if it ready to go up. If it break and stay above 127.770. Go long. lopsided V-formation suggested long, if seller don't perform. Go long. SL below S1. TP around previous pivot level.
1) Go short, if it break current S1. SL at previous high. TP neatest S2.
2) This month lowest created (126.637) wonder if it ready to go up. If it break and stay above 127.770. Go long. lopsided V-formation suggested long, if seller don't perform. Go long. SL below S1. TP around previous pivot level.
Note
Sellers coming to challenge S1. Wait for a pull back to short.Trade active
Note
Looks like abit too early pulling the trigger. Patience patience.Trade closed: stop reached
Give up on the trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.