Euro / Japanese YenShort
EURJPY TRIANGLE BREAKOUT , SHORT PULLBACK.
1. Price action has shown a break towards downside of triangle.
2. Volume is low and thus we can expect some pullback to the 0.618 levels.
3. Good RR.
4. Price is unable to get past the structure and got rejected multiple times.
5. This idea is for 2nd entry. So never chase the breakouts. Wait for pullbacks.
*It would be good to see a breakdown of the next support zone after pullback.
2. Volume is low and thus we can expect some pullback to the 0.618 levels.
3. Good RR.
4. Price is unable to get past the structure and got rejected multiple times.
5. This idea is for 2nd entry. So never chase the breakouts. Wait for pullbacks.
*It would be good to see a breakdown of the next support zone after pullback.
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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.