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Ejshort

EURJPY Short Opportunity for +/- 80 pipsEURJPY Short Opportunity Confluences: 1) Price has been rejected many times from the top half of a 3-month range 2) In the Weekly timeframe and 1H; 9 EMA is crossing the 21 SMA to the downside 3) Big bearish engulfing candle closed last week 4) In the Daily chart; price broke the 100SMA last friday 5) Price broke the bottom support of the said range and has already confirmed it for 2 times as now a strong resistance ------------------------------ I wish BIG profits to you ALL!!! ----- I am grateful to have been taught by God and myself on trading. My money grows every day in increasing quantities on a continuous basis.
Short
by Memo_Mountain
EJ 55 pips Sells Breakdown 06/10/2020The first time price broke below support which was required for sells, resistance was formed but we never got the final confirmation required to execute on sells. Price then broke back into the range before we took an entry. As we had already formed resistance, I was happy to go down to the 5m timeframe to confirm sells. The next 5m candle broke back below support signalling a fakeout, this meant there was a high probability price would drop to the next support. My confirmation to enter sells was when the next 5m candle broke below the previous candle. Stops were above the previous 5m candle and the targets were 124.200 and then if we broke below that support, we expected price to push down to 123.885. Both of our targets were smashed. When we broke below the first support, we moved our stops into profit following market structure to make the trade risk and stress free.
by rhf_fx