EUR/JPY possible short setup
Updated
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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