POTENTIAL TRADE: EUR/JPY
This currency pair is currently experiencing a down-trend. As it broke below the key psychological level of support at 120.0, many buyers realized losses. Thus our bias on this pair is to trade it short. We will wait for a pullback to the 120.0 region before entering our short positions.
TRADE PARAMETERS:
Entry Price - 120.0
Stop Price - 120.7 (70 PIP)
Target Price - 117.0 (300 PIP)
This currency pair is currently experiencing a down-trend. As it broke below the key psychological level of support at 120.0, many buyers realized losses. Thus our bias on this pair is to trade it short. We will wait for a pullback to the 120.0 region before entering our short positions.
TRADE PARAMETERS:
Entry Price - 120.0
Stop Price - 120.7 (70 PIP)
Target Price - 117.0 (300 PIP)
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.
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.