Get started
Vapari_Inc

EURJPY Short

Short
Euro / Japanese Yen (FX:EURJPY)  
Vapari_Inc Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Fundamental Analysis EURJPY eurjpyshort eurjpysignal eurjpytrade jpy euro euroshort
3
2
trendanalysis chartpattern fundamental eurjpy eurjpyshort eurjpysignal eurjpytrade jpy euro euroshort
According to the higher timeframes (D,W) the price has formed a rising channel, hence a major indicator of a potential bearish pattern, and the price touched the upper trendline, retested it and now formed a bearish confluence. The price touched a major support zone, bounced back up/ pullback, but the bearish confluence is still strong. The price might be rejected at zone 138.2 - 138.9, then it maybe a bearish movement. I predict that the bears will get an upperhand. My entry point is 138 with stoploss at 139, just above the market major zone.
Entry - 138.0
Sl - 139.0
Tp1 - 137, Tp2 -136 , Tp3 - 135

R:R is 1:3.

Remember, only risk 1 - 2% of the account.
Trade closed: target reached:
TP 1 Hit
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.