EUR/JPY Failed to break Resistance, Will move down (Short)
Hey Traders,
We are looking at EUR/JPY I think the Bull is dead now and we are at the point of a bearish reversal until atleast 130.500.
Price Could move back up, but I highly doubt that a 2nd retest of the Resistance zone will break it.
If the price moves in our favour we will be nearly 150 pips in profit vs. a max loss of 35 pips
We are looking at EUR/JPY I think the Bull is dead now and we are at the point of a bearish reversal until atleast 130.500.
Price Could move back up, but I highly doubt that a 2nd retest of the Resistance zone will break it.
If the price moves in our favour we will be nearly 150 pips in profit vs. a max loss of 35 pips
Trade closed: target reached
338 pips profit
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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.