Here, I believe I can see what is going on currently and have begun to plan accordingly. I am short biased on 
EURJPY into this week based on the daily breakdown of an uptrend line followed by a retest of the support now turned resistance. I will be looking for signs of weakness such as rejection wicks, engulfing candles or high test candles off of the H4 and H1 time frames. My entry will most likely be taken off of the H1. Downside targets are labeled on chart. Stop loss would be above whichever high is formed and starts to break down. I want to see a clear visual of this thing rolling over before I hop in.
EURJPY into this week based on the daily breakdown of an uptrend line followed by a retest of the support now turned resistance. I will be looking for signs of weakness such as rejection wicks, engulfing candles or high test candles off of the H4 and H1 time frames. My entry will most likely be taken off of the H1. Downside targets are labeled on chart. Stop loss would be above whichever high is formed and starts to break down. I want to see a clear visual of this thing rolling over before I hop in. Note
Target 1 reached and closed out most of position. Now letting a runner go for the possibility of target 2 being tested. Stop moved up to in profits, and above the current H1 range.Note
Covered entirely.
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.