Euro / Japanese YenShort
EURJPY - Pullback Trade
Updated
1-hour chart:
Dear traders, there is a high-probability pullback from what I can see...
Firstly, the Stoch, Stoch RSI, & RSI indicators are now very close to the sell-signal zone... The MACD indicator looks like it wants to turn back down again...
In addition, (as you can see) the price is also at the top of the BB MA channel (touching the top-most MA - bluish/green color)... As such, price is most expected to pullback again soon...
Price target would be at the cloud-resistance below (though not cast in stone)... I can take profit anytime when I see fit...
Best regards.
Happy pipping.
Dear traders, there is a high-probability pullback from what I can see...
Firstly, the Stoch, Stoch RSI, & RSI indicators are now very close to the sell-signal zone... The MACD indicator looks like it wants to turn back down again...
In addition, (as you can see) the price is also at the top of the BB MA channel (touching the top-most MA - bluish/green color)... As such, price is most expected to pullback again soon...
Price target would be at the cloud-resistance below (though not cast in stone)... I can take profit anytime when I see fit...
Best regards.
Happy pipping.
Trade closed manually
I decided to close this trade manually & collected whatever profits... (Just felt that it might be a potentially wrong trade decision...);Best regards.
Trade safe.
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