EURJPY Potential Short

FX:EURJPY   Euro / Japanese Yen
Parallel channel , possible short entry if we reject trend line resistance level and see bearish momentum building, looking at price action so far I would say this is likely to happen. We should also look to close below R2 on 4H Chart (around 137.00~) If we get this close below support then I will take the trade.

Stop above previous highs and outside of trend line . Potential zone of resistance around 136 looking at previous price action. I will check price action around this level and close the trade at a 1:1 if we reject this zone. However, If we break this level I will hold and my target will be around 135~ - a previous significant level and also is looking like it may tie in with dynamic support from my 800EMA.
Trade closed: target reached
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out