Euro / Yen JaponaisShort
Potential EURJPY Short: Going with the Risk-off flow
Believe I'm not the first to say this but EURJPY has closed below the bottom of daily cloud yesterday.
Tenkan and Kijun-sen both points bearish for the pair.
The red descending TL also suggests pair might be heading for the sub-140 region.
Coupled with the current market risk off sentiment and holding the opinion that a reversal in USDJPY is more likely than one in EURUSD, I'll sell EURJPY if it goes near the cloud at 141.50.
SL at 142.20
TP at 140.30 (140.33/11 might put up a strong fight to see if this pair will continue trading > or < 140)
Risk-Reward is 1.71x
Tenkan and Kijun-sen both points bearish for the pair.
The red descending TL also suggests pair might be heading for the sub-140 region.
Coupled with the current market risk off sentiment and holding the opinion that a reversal in USDJPY is more likely than one in EURUSD, I'll sell EURJPY if it goes near the cloud at 141.50.
SL at 142.20
TP at 140.30 (140.33/11 might put up a strong fight to see if this pair will continue trading > or < 140)
Risk-Reward is 1.71x
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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.