richardsond08

EURJPY Short H4 Rising Wedge, 30 minute entry

Short
richardsond08 Updated   
FX:EURJPY   Euro / Japanese Yen
EURJPY is in a rising wedge on H4, looking for shorts on m30 or m15 with a break of minor support and retest. Looking for confluence with cross of SMMA and EMA.

Short at 126.250 area
  • TP1 125.480 - 77 pips, move SL top 126.00

  • TP2 125.105 - 114 pips

  • SL at 126.550 - 30 pips

Trade invalidated if trend line broken with retest.
Comment:
Moving SL to breakeven at 126.180
Trade closed manually:
Closed manually at 126.00, 18 pips secured. We are losing momentum.
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.