EURJPY Short position analysis

OANDA:EURJPY   Euro / Japanese Yen
Reached the top of the ascending channel structure, we can now look for SELL setup & possibly hold the position for few weeks, allowing it to dip to the downside. Now waiting for indications like 1H retrace candle or evening stars to get into the trade & manage it promptly.
Trade closed manually: Beyond projection, EURJPY showed impulsive move to the upside to finish descending channel in higher time-frame. I will soon post another idea on the daily chart to address it.
Trade active: Since prices now retraced back to the bottom of the structure, I would recommend keeping SELL positions & waiting it to reach TP1.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out