EURJPY Short term SHORT position

FX:EURJPY   Euro / Japanese Yen
I'm basing this idea on two main keys

- Bat pattern
- Broken bullish trendline (lower pennant line)

.. And the bearish rotation supports the idea together with previous structure zones which should act as resistance. Lets not forget overbought conditions!

Second scenario, and one that would stop me out, is the retrace into pennant before continuing its decent.

Lets hope we get filled!
Trade active: Target adjusted for 38.2% fib of entire leg.
Trade closed: stop reached: Not this time. On to the next opportunity!
I liked the idea so I put a trade in. However SL was triggered with that spike. I had the SL too tight. :)
timmynorin shaunsmith100
@shaunsmith100, Damn, too bad! Would be great risk/reward with that kind of SL, but unfortunately the win chance goes down with it.. :)
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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