EURJPY Short Trade Idea
Lovely bearish flag setup provided by EJ confluent with a double top within the flag. The week ended with a beautiful breakout leg
to the bottom therefore giving us an opportunity to anticipate a clear retest and lovely entry. I've set a possible entry point at
121.150 price level which is also the 61.8% fib retracement level.
121.450 is a strong weekly resistance level and so a break above this level would invalidate the trade analysis completely. It would
then, however, inform a bullish bias.
Targets:
120.000
119.400
118.400
If you enjoy and like this post do let me know by either liking or sliding into the comments section. I would also appreciate your views
on the pair. Stay tuned as I will be sending updates for this chart in the comment section. Have a blessed week ahead and remember
"plan your trade and trade your plan".
to the bottom therefore giving us an opportunity to anticipate a clear retest and lovely entry. I've set a possible entry point at
121.150 price level which is also the 61.8% fib retracement level.
121.450 is a strong weekly resistance level and so a break above this level would invalidate the trade analysis completely. It would
then, however, inform a bullish bias.
Targets:
120.000
119.400
118.400
If you enjoy and like this post do let me know by either liking or sliding into the comments section. I would also appreciate your views
on the pair. Stay tuned as I will be sending updates for this chart in the comment section. Have a blessed week ahead and remember
"plan your trade and trade your plan".
Trade fermée: ordre d’arrêt atteint
Price triggered sell limit pending order and burst through my SL.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.