Euro / Japanese Yen

Short

Updated

EURJPY Sell - trendline edge, the entry of another wave

EURJPY bounced off the upper edge of the trendline, offering a tight entry opportunity. To minimize risk, it may be wise to decrease the trade size. We can expect the formation of a descending wedge and a potential decline to the 138.5 area.

Trade closed manually

Closed with a small loss for now, will check it later.

Note

Reenter idea:

snapshot

Trade active

Trade closed: target reached

I closed the whole trade, happy weekend.

snapshot

Note

I will post another idea if the trade finished its retrace:

snapshot

Note

New post:

EURJPY Sell - exhausted after NFP, expecting retracement to fill

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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.

Also on:

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.