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rakinahmed

EURJPY Sell idea

Short
Euro / Japanese Yen (FX:EURJPY)  
rakinahmed Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Pivot Points Chart Patterns EURJPY eurjpyshort eurjpytrade eurjpyforecast eurjpysell SELL sellsignal sellsetup short
4
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trendanalysis pivotpoints chartpattern eurjpy eurjpyshort eurjpytrade eurjpyforecast eurjpysell sell sellsignal sellsetup short
I can see a continuation of the bearish trend after a retracement to the 25 EMA due to the RSI being too low.

To support my prediction, I have the bearish trend coming off from a resistance found in the daily timeframe.

The stop-loss has been positioned with respect to the previous consolidation region. An ambitious target price was chosen short of a support region spotted in the weekly timeframe.
Comment:
First target hit at 124.335
Stop-loss has been moved to the entry price
Trade closed manually:
Stop loss was triggered at entry price.
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