xWolfxPT

EURJPY - Are we going to see a Top?

Short
FX:EURJPY   Euro / Japanese Yen
This is a good zone to get involved in a shorting opportunity as soon as the Daily does not close above 129.50
As I enter on the Violation of the 1H Trend I have a Entry Stop Order below the Higher Low of the last swing.

If the 1H makes a new Higher Swing then my entry will be placed under the next Higher Low.

My first Target will be a re-test of the previous Daily-Low @ 125.209
My Second Target will be an Extension around the 123 levels

Trend Analysis:
1D Trend: Bearish (Underlying Trend)
4H Trend: Bullish
1H Trend: Bullish

Don't follow my trade blindly, follow the rules of your trading plan, if you don't have one: DO NOT TRADE!
Comment: The Pair made a new Higher High & Higher Close so the Entry was not placed at the last LH @ 128.692
Stop-Loss will still be defined by the new HH as soon as it completes
Comment: (Ignore last comment)
The Pair made a new Higher High & Higher Close so the Entry was moved to the last Lower High @ 128.692
Stop-Loss will still be defined by the new Higher High as soon as it completes.
Comment: Sell-Stop Pending Order Details:
Entry: 128.692
Stop-loss: 129.304
Target 1: 125.209
Target 2: 123.150
Order cancelled: Pair making a new High on Daily

Comments

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