ForecastCity
Short

Don't miss the great sell opportunity in EURJPY

FX:EURJPY   Euro / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (116.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40 .

Take Profits:
TP1= @ 115.60
TP2= @ 115.20
TP3= @ 114.50

SL: Break Above R2
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Comments

Good post. Thanks. Whats the timeline on the chart
+4 Reply
ForecastCity selvanponraj
@selvanponraj, You're welcome. It's H1.
+2 Reply
I got profit out of this amazing forecast.
+3 Reply
ForecastCity Alexander_007
@Alexander_007, Great! we're happy for you. and thank you for sharing it with others.
+1 Reply
Thank You for sharing!
+2 Reply
ForecastCity Alexander_007
@Alexander_007, You're welcome. we hope you enjoy it.
+1 Reply
Nice and simple
+2 Reply
@Kamryn, Thanks for your comment on this post. we hope you find it helpful on your own TA.
+2 Reply
Nice idea
+2 Reply
ForecastCity Kristalyn
@Kristalyn, Thanks for your comment. we hope you enjoy it.
+2 Reply
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