Euro / Japanese YenShort
EURJPY
Trade idea .
Still following the trend .It may be a swing trade. My hope is that price takes out the previous week High , I will be looking only to sell if and look to scale in . I could even scalp those sells , but the EURJPY is volatile and turns to mostly spike after price has manipulated . I am looking for price to fill the previous week candle and maybe create a new low.
Still following the trend .It may be a swing trade. My hope is that price takes out the previous week High , I will be looking only to sell if and look to scale in . I could even scalp those sells , but the EURJPY is volatile and turns to mostly spike after price has manipulated . I am looking for price to fill the previous week candle and maybe create a new low.
Note
The Fair Value may hold. I always limit my lot size when it does because I like to get in on the break out , and the idea of a false breakout should always fill your the back of your mind so your confidence and thinking process does not affect the next trade.
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.