Euro / Japanese YenShort
Short at 132.65
Expecting a 50% pullback from recent highs and then enter short.
RSI bearish divergence on multiple time frames
Overbought on daily chart
Fast moving MA's are crossing slow moving ones.
Significant resistance has been met in last few trading days around 133.00 levels and price wasn't able to break
Entry 132.65
SL 133.15
TP1 131.70 RR 1.8
TP2 130.80 RR 3.7
RSI bearish divergence on multiple time frames
Overbought on daily chart
Fast moving MA's are crossing slow moving ones.
Significant resistance has been met in last few trading days around 133.00 levels and price wasn't able to break
Entry 132.65
SL 133.15
TP1 131.70 RR 1.8
TP2 130.80 RR 3.7
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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.