Euro / Japanese YenShort
Looking To SELL EURJPY Above 145 On This Siganl.....
We are now approaching a big Monthly SUPPLY/SELL which starts around 145 which we have more or less touched twice so expecting an impulse rallly up through this level towards the 146 level which is actaully a nice Weekly SUPPLY/SELL zone inside the Monthly so is a nice area to get in to a short on a R/R basis.
I will be waiting for a break of 145 and then for my Trend Reversal King indicator to give a SELL signal on timeframes above the 4hr stop loss will be well above the Weekly SUPPLY/SELL zone marked on the chart.
Target for this position will the DEMAND/BUY zone that starts around 136 and lower.
Again will only enter this position if the signal occurs
I will be waiting for a break of 145 and then for my Trend Reversal King indicator to give a SELL signal on timeframes above the 4hr stop loss will be well above the Weekly SUPPLY/SELL zone marked on the chart.
Target for this position will the DEMAND/BUY zone that starts around 136 and lower.
Again will only enter this position if the signal occurs
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Get Your FREE Copy of The Trader's Edge – Mental Strategies for Market Success! -thetradingedge.net/the-traders-edge
Join Telegram group -t.me/+T7V_JSiKKsliMTJl
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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.