Hi Traders. If you've not watched my yesterday's analysis and Trade Recap on EURJPY, I will link in down in the description below.
Yesterday as you all knew, I took some short position on EURJPY and ended up in about +2.6R.
Coming today, I will be against focusing on how price reacts around 139.70 - 140.
As long as price rejects the 200ema on the 4h chart, I will continue to stick to the initial plan (short-term sells).
However, if at any point price begins to show more strength, holding above 139.70, then it will invalidate the setup itself.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Yesterday as you all knew, I took some short position on EURJPY and ended up in about +2.6R.
Coming today, I will be against focusing on how price reacts around 139.70 - 140.
As long as price rejects the 200ema on the 4h chart, I will continue to stick to the initial plan (short-term sells).
However, if at any point price begins to show more strength, holding above 139.70, then it will invalidate the setup itself.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
