EURJPY - Let's See If The Selling Pressure Will Resume!
Hi Traders. About two days ago, I talked about potential selling opportunities at 139, with 137.20 as our target.
If you've followed the plan, I believe our target has been met.
For now, the main reason why I think that the selling pressure is going to resume, is the way price consolidates around 137.20 - 137.50 support structure.
When the market is in a downtrend, the probability of it breaking below a range is much high.
So if you're looking for further short opportunities, you can ofcourse take some short position with a decent stops to pre-empt the breakdown beforehand, but just be cautious of your risk!
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
If you've followed the plan, I believe our target has been met.
For now, the main reason why I think that the selling pressure is going to resume, is the way price consolidates around 137.20 - 137.50 support structure.
When the market is in a downtrend, the probability of it breaking below a range is much high.
So if you're looking for further short opportunities, you can ofcourse take some short position with a decent stops to pre-empt the breakdown beforehand, but just be cautious of your risk!
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
