EURJPY Reversal is highly probable.
Looking for sells around 144.209 area.
Take profit target is around 139.528
It will be prudent to take partials around 141.371.
EURJPY Flag seems to be forming. Possible opportunity to short down to several levels as shown. Next few days will be to confirm direction for the next few weeks.
This is definitely done here, for a while.
Of course this is the better SHORT, also the best single trade of 2021!...
... Also, because of this;
Ultimately, this pair will be still a Long until it's fully done.
Potentially there will be a good Long Entry once this short meets it's target, first.
Pair : EUR/JPY
TF : H4
Target : SELL
RR : 1/5
Entry : Sell Limit at SWAP ZONE SUPPLY
Exit : At the last Swing Low for TP,
Premature Exit TP : Price counter break Mid BB
SL : Above SWAP Zone Supply
Remark
EURJPY on bearish rally, however whenever i zoom out to the TF D1, i see that price are already inside the Demand area. However there is no buy call had been...
Hey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Market Sell: 116,210
Stop-Loss: 116,415
Target 1: 116,000
Target 2: 115,900
Target 3: 115,790
Stop-Loss: 20,5 pips
Risk: 1-2%
Risk-Reward: 2,0
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