philallum

Engulfing candle and double touch of the pivot point

Short
philallum Updated   
OANDA:EURJPY   Euro / Japanese Yen
Big engulfing candle and a double test of the pivot point could be a sign of a reversal and 90 pip trade, i'll leave it for now but this looks like it's a continuation of the downtrend for this pair, i'll wait until stochastic crosses above the 80 to jump in.
Trade closed: stop reached:
Stopped out
Comment:
Stop-loss was too small
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.