EURJPY(1h) Short setup, continuing our decent.
Continuing bearish outlook as a follow up on last weeks successful entry (uk.tradingview.com/chart/EURJPY/t8XgkIJv-EURJPY-Daily-Bearish-suggestion/)
Basing this on price action struggling to close above 121.350 - 0.382 fib of X-A
IF we break out above, we will possibly find another opportunity to get short around 121.800 - 122.0 area.
Final target - 120.000
Basing this on price action struggling to close above 121.350 - 0.382 fib of X-A
IF we break out above, we will possibly find another opportunity to get short around 121.800 - 122.0 area.
Final target - 120.000
Note
First target hit - 50+ pips banked.Rolling stop loss to break even for the remaining position!
Trade closed: stop reached
Second position stopped out at break even, leaving us with the previous 50 pips in profit.Will look for another entry, possibly 121.600-700 area
Note
121.700 hit, new short opportunity -> See recently posted chart
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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.