A Short Trade on the EUR/JPY !

FOREXCOM:EURJPY   Euro / Japanese Yen
20 0
Are you ready for the Big Short ?

The most unpredictable elections of the year is happening this Sunday.We might see a big gap on Monday following the results. A Macron vs Fillon face off on the second round would allow the Euro to rally on Monday. But ANY other results would make the bear hungry.

This is why I'm entering a short position on the EUR/JPY . The 1.618 Fib retracement (117.135) of the first bearish impulse was broken on the 11/04/17. A nice bullish engulfing pattern appeared on 17/04/17 and the pair went back to touch the 1.618 level again. The RSI broke the 20 lower band which means that there is a high probability of seeing a new low.

The 1.618 acted as a nice resistance and a negative news on Sunday means we are touching that 113.575 level.

Cheers !
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out