Get started
justatrader

EURJPY - Short on weekly bearish engulfing and h1 bearish flag

Short
Euro / Japanese Yen (FX:EURJPY)  
justatrader  
FX:EURJPY   Euro / Japanese Yen
4
10
Title says it all. Big risk being how will JPY open tomorrow considering Abenomics is now approved by the Japanese + the Tankan survey tomorrow.

Fundamentals aside, technically EURJPY shows good signs of a quick short trade. Considering the entry is quite some pips away from Friday's close, any upside gaps should be safe for the entry.

Watch out for 148 zone for any bearish candlestick patterns as it forms a short term resistance level.

Good luck!
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.