EUR/JPY possible short setup
Broken down from a strong trendline and support, now re-testing both of these.
Good time to short for a relatively great R/R on this trade. Bear divergence on 1hr chart with a TP of the weekly support zone.
Good time to short for a relatively great R/R on this trade. Bear divergence on 1hr chart with a TP of the weekly support zone.
Trade closed: stop reached
Unfortunately I placed my stop a little too close to my entry. I should have placed it at 127 or above the local top. I still feel confident that this trade will reach TP.
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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.