EURJPY SHORT - DAILY SUPPLY AREA VIOLATED
Good evening traders,
Further to my previous analysis on EURJPY, I am happy to be looking for short term sells now we have violated the daily supply zone.
This is a risky trade for me, the Euro is strong currently and I am still bullish on EU - this had led me to only risk half of my standard position size this time around.
Targeting the imbalance on the 4h provides a healthy risk to reward. Lets see how the market plays out in the coming days.
Best wishes,
Jake
Further to my previous analysis on EURJPY, I am happy to be looking for short term sells now we have violated the daily supply zone.
This is a risky trade for me, the Euro is strong currently and I am still bullish on EU - this had led me to only risk half of my standard position size this time around.
Targeting the imbalance on the 4h provides a healthy risk to reward. Lets see how the market plays out in the coming days.
Best wishes,
Jake
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