EURJPY Short Trade Idea
Lovely bearish flag setup provided by EJ confluent with a double top within the flag. The week ended with a beautiful breakout leg
to the bottom therefore giving us an opportunity to anticipate a clear retest and lovely entry. I've set a possible entry point at
121.150 price level which is also the 61.8% fib retracement level.
121.450 is a strong weekly resistance level and so a break above this level would invalidate the trade analysis completely. It would
then, however, inform a bullish bias.
Targets:
120.000
119.400
118.400
If you enjoy and like this post do let me know by either liking or sliding into the comments section. I would also appreciate your views
on the pair. Stay tuned as I will be sending updates for this chart in the comment section. Have a blessed week ahead and remember
"plan your trade and trade your plan".
to the bottom therefore giving us an opportunity to anticipate a clear retest and lovely entry. I've set a possible entry point at
121.150 price level which is also the 61.8% fib retracement level.
121.450 is a strong weekly resistance level and so a break above this level would invalidate the trade analysis completely. It would
then, however, inform a bullish bias.
Targets:
120.000
119.400
118.400
If you enjoy and like this post do let me know by either liking or sliding into the comments section. I would also appreciate your views
on the pair. Stay tuned as I will be sending updates for this chart in the comment section. Have a blessed week ahead and remember
"plan your trade and trade your plan".
Trade closed: stop reached
Price triggered sell limit pending order and burst through my SL.
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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.
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.