OfficialJ23

EurJpy Trade Idea

Short
FX:EURJPY   Euro / Japanese Yen
On my last EJ post I spoke about shorting the pair at a higher level but based on higher time frames price did break structures to the downside. I went short once price shifted on smaller time frames to support the higher time frame analysis. I’m personally looking for a 1:4rr on this set up. I do have stops at 30 pips for now to give price room to breathe but once price goes into my favor I will be moving stops back to 25 pips for a potential 100 pip gain. We’ll see how this goes.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.