EURJPY Short - Rising Wedge to Continued Bearishness
Long term, this pair has shown some bearish impulses that I think will continue. This bearish wedge is a good way to enter. Tight stop and quick move to breakeven reduces risk and maximize reward if entry is correct. Cheers
Trade active
T1 Reached, moving stop to BE
Trade closed: target reached
Taking half of my position off here at a nice 2:1 R/R level. Good profit, on to the other pairs in the portfolio unless we get a retrace. I'll add on a retrace if momentum is still to the downside. Cheers
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Related publications
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.