Reasons for this short:
- Reacted from a daily S/R level
- 15 min bearish market structure
- EUR futures looking like it want to dump
- JPY futures are kinda in a range but with EUR really looking bearish on the futures i like the short idea
- EURJPY never took stops so i expect them to take them at some point under the red line i drew. Will be taking when stops are taken out from people that are long a little above the round number 124.
I have put the stop a little wide because off EURJPY is a little wild and there is definitely a chance of this pair going up a little more so i have put stop above a round number above a level it could react/fake out to.
- Reacted from a daily S/R level
- 15 min bearish market structure
- EUR futures looking like it want to dump
- JPY futures are kinda in a range but with EUR really looking bearish on the futures i like the short idea
- EURJPY never took stops so i expect them to take them at some point under the red line i drew. Will be taking when stops are taken out from people that are long a little above the round number 124.
I have put the stop a little wide because off EURJPY is a little wild and there is definitely a chance of this pair going up a little more so i have put stop above a round number above a level it could react/fake out to.
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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.