HayatoDragonFX

EURJPY, 4hr tf, sell on ichimoku confirmation

Short
FX:EURJPY   Euro / Japanese Yen
Hello my friends,

Another setup for September 8th is EURJPY pairs.

Price already moved lower and gave us the confirmation needed to enter this sell position. We're now waiting for a retracement for a better RR ratio before selling this pair.

1st confirmation is price below the kumo cloud
2nd confirmation is kumo cloud color are red
3rd confirmation is parabolic SAR now above the price indicating sell pressure

Sell limit EURJPY 125.40
Stop loss 126.10
Take profit 1 @124.70
Take profit 2 @124.00

Use only 1-2% risk
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.