EURJPY: Short Trades from 126.00 Resistance
What do you think about such a short trade?
There are following bearish signals which can support the sellers.
The price reached the resistance zone at 126.00 level. RSI reached the overbought zone, and it is going to confirm the price reversal. MACD histogram is bearish, and it is supporting the further downward movement.
Here is an example of a possible short trade:
Sell below 125.985
Stop above 126.120
Profit Target at 125.600
Risk per trade must be no more than 1-2% from the capital.
By the way, you can see closely the same setup from 126.00 resistance. That short trade against the main trend could give a good profit. How will it be with the new short opportunity? We will see.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
There are following bearish signals which can support the sellers.
The price reached the resistance zone at 126.00 level. RSI reached the overbought zone, and it is going to confirm the price reversal. MACD histogram is bearish, and it is supporting the further downward movement.
Here is an example of a possible short trade:
Sell below 125.985
Stop above 126.120
Profit Target at 125.600
Risk per trade must be no more than 1-2% from the capital.
By the way, you can see closely the same setup from 126.00 resistance. That short trade against the main trend could give a good profit. How will it be with the new short opportunity? We will see.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.