Month end Trade for EUR/JPY
Hi Traders,
As we are now on the last day of the month, We can expect some pullbacks based on the Monthly Time-frame for some instruments. EURJPY Has found rejection 3 times at 144.000 and even though we are still in a bull market long-term, we can still find some shorting opportunities based on the lower time-frames.
Price has managed to break multiple support levels on its way down and now with the last break of support being a nice bearish candle, I would love to see price give a retracement back to the broken structure priced at 142.500.
My entry for this will be simple as I will enter with a pending order at 142.5 and then add more if Price rejects and creates a lower high. If Price pushes up and Breaks resistance I will be out of this trade.
Trade safe and Remain Patient.
Renaldo Philander.
As we are now on the last day of the month, We can expect some pullbacks based on the Monthly Time-frame for some instruments. EURJPY Has found rejection 3 times at 144.000 and even though we are still in a bull market long-term, we can still find some shorting opportunities based on the lower time-frames.
Price has managed to break multiple support levels on its way down and now with the last break of support being a nice bearish candle, I would love to see price give a retracement back to the broken structure priced at 142.500.
My entry for this will be simple as I will enter with a pending order at 142.5 and then add more if Price rejects and creates a lower high. If Price pushes up and Breaks resistance I will be out of this trade.
Trade safe and Remain Patient.
Renaldo Philander.
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