timmynorin
Short

EURJPY(1h) Short setup, continuing our decent.

FX:EURJPY   Euro / Japanese Yen
Continuing bearish outlook as a follow up on last weeks successful entry (https://uk.tradingview.com/chart/EURJPY/...)

Basing this on price action struggling to close above 121.350 - 0.382 fib of X-A

IF we break out above, we will possibly find another opportunity to get short around 121.800 - 122.0 area.

Final target - 120.000
Mar 20
Comment: First target hit - 50+ pips banked.

Rolling stop loss to break even for the remaining position!
Mar 21
Trade closed: stop reached: Second position stopped out at break even, leaving us with the previous 50 pips in profit.

Will look for another entry, possibly 121.600-700 area
Mar 21
Comment: 121.700 hit, new short opportunity -> See recently posted chart

Comments

I really need to check my spelling. Descent! Well.... Decent could apply aswell.
Reply
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