Euro / Japanese YenShort
EURJPY Break down Trenline begin DownTrend
EURJPY cuts down the uptrend line. At the same time, the price broke through the resistance zone at 161.89.
Currently, the price is recovering to backtest the resistance zone.
At this point we can consider entering 2 orders
#1 SELL
SL: 163,047
TP: 158,414 about the 50% zone of Fibonaci
#2 SELL
Stoploss: 163,047
Takeprofit: 155,490 about 76% of Fibonaci
#3 Follow the order if the price reaches 1/2 TP, close 1/2 and move the SL.
Good Luck to You!
Currently, the price is recovering to backtest the resistance zone.
At this point we can consider entering 2 orders
#1 SELL
SL: 163,047
TP: 158,414 about the 50% zone of Fibonaci
#2 SELL
Stoploss: 163,047
Takeprofit: 155,490 about 76% of Fibonaci
#3 Follow the order if the price reaches 1/2 TP, close 1/2 and move the SL.
Good Luck to You!
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.