WEEKLY ANALYSIS EURJPY SHORT SETUP!! BREAK OF A CHANNEL!!
Good day trader, I hope you have a great day ahead and start off your day with a good trade!
Start off with EURJPY, as shown on the chart above, you can see a break of an upward channel. Therefore, bear is most likely to take place and before a strong bearish movement, a correction is expected to take place.
We will be looking for sell opportunity at 50% and 61.8% fibonacci retracement zone. A push to -27.2% is most likely to happen if price reject EMA 55.
Sell limit: 121.118
SL: 121.500
TP 1: 120.30
TP 2: 119.826
Always go for a clear analysis and make sure to have a proper risk management for yourself. Happy trading traders!
Start off with EURJPY, as shown on the chart above, you can see a break of an upward channel. Therefore, bear is most likely to take place and before a strong bearish movement, a correction is expected to take place.
We will be looking for sell opportunity at 50% and 61.8% fibonacci retracement zone. A push to -27.2% is most likely to happen if price reject EMA 55.
Sell limit: 121.118
SL: 121.500
TP 1: 120.30
TP 2: 119.826
Always go for a clear analysis and make sure to have a proper risk management for yourself. Happy trading traders!