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ForecastCity_ME
Dec 30, 2020 1:21 PM

💡 Don't miss the great sell opportunity in EURJPY Short

Euro Fx/Japanese YenFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (126.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.

Take Profits:
TP1= @ 126.34
TP2= @ 125.70
TP3= @ 125.05
TP4= @ 123.95
TP5= @ 122.80

SL: Break Above R2

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Comments
carefulOwl22772
Nice set up!
ForecastCity_ME
@carefulOwl22772, Thank you
poomesh
thanks alot
ForecastCity_ME
@poomesh, Happy to help! Thanks for your comment
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