peterbokma

EURJPY-SELL strategy 4-hourly chart

Short
FX:EURJPY   Euro / Japanese Yen
My previous idea had a SL above 161.17 somewhere. However, I prefer to abort around 160.50 or market price, if seen. I feel SELL level should be further out, and likely around 161.37 or slightly higher.
reason is, we have lifted of some support levels and this provides fuel to the move higher.

For now strategy is SELL @ 161.37-161.55 and place SL above 162.07. Profit order @ 159.37.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.