EUR / JPY SHORT
2 cycles have formed on the daily and looking to end the third. Price is showing signs of reversal on lower timeframes. There is a train track reversal pattern on the 4H additionally bouncing off of the 50MA and also the 0.5 fib retracement zone.
Target 1:
The daily S1 Pivot 119.7100
Target 2:
The Daily Level 118.4040
Target 1:
The daily S1 Pivot 119.7100
Target 2:
The Daily Level 118.4040
Note
My entry...Sell Stop
E - 121.6
SL - 122.4
TP - 119
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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.