EURJPY Short Trade Idea
Updated
Lovely bearish flag setup provided by EJ confluent with a double top within the flag. The week ended with a beautiful breakout leg
to the bottom therefore giving us an opportunity to anticipate a clear retest and lovely entry. I've set a possible entry point at
121.150 price level which is also the 61.8% fib retracement level.
121.450 is a strong weekly resistance level and so a break above this level would invalidate the trade analysis completely. It would
then, however, inform a bullish bias.
Targets:
120.000
119.400
118.400
If you enjoy and like this post do let me know by either liking or sliding into the comments section. I would also appreciate your views
on the pair. Stay tuned as I will be sending updates for this chart in the comment section. Have a blessed week ahead and remember
"plan your trade and trade your plan".
to the bottom therefore giving us an opportunity to anticipate a clear retest and lovely entry. I've set a possible entry point at
121.150 price level which is also the 61.8% fib retracement level.
121.450 is a strong weekly resistance level and so a break above this level would invalidate the trade analysis completely. It would
then, however, inform a bullish bias.
Targets:
120.000
119.400
118.400
If you enjoy and like this post do let me know by either liking or sliding into the comments section. I would also appreciate your views
on the pair. Stay tuned as I will be sending updates for this chart in the comment section. Have a blessed week ahead and remember
"plan your trade and trade your plan".
Trade closed: stop reached
Price triggered sell limit pending order and burst through my SL.
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