1. Trend and Market Analysis
Trend: Verify that EUR/JPY is in a clear downtrend, using moving averages or a trendline. If recent price action has been bearish, that would support a short setup.
Support and Resistance: Identify resistance levels above the entry to minimize risk if price reverses. A good entry would ideally be around a recent peak or just below a resistance level.
Trend: Verify that EUR/JPY is in a clear downtrend, using moving averages or a trendline. If recent price action has been bearish, that would support a short setup.
Support and Resistance: Identify resistance levels above the entry to minimize risk if price reverses. A good entry would ideally be around a recent peak or just below a resistance level.
Trade closed: target reached
MISSION COMPLETE
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.
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.