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Eurjpysetup

EURJPY 240MHello traders! This trade is in play, 1st of the week. There is a 40 pip target between lines C and D, although my current target is set at 80 pips from the C line because price is coming off a three point decline from line A. I will take full or partial off at the C line if price reaches the 1st target. This trade can also be taken with a sell stop order as a set&forget setup. It`s recommended to position stop no further away than 1:1 RR away from entry, although this may vary with markets and volatility. Best, Jay
Short
by TrapReversalTrading
EURJPY on my watch listThis pair looks to possibly be setting up for a good short position. # Support broken and # Possibly tested as resistance # Fibonacci 61.8% retracement level could come into play # Price action will confirm To receive live updates in real time feel free to join Forex Bootcamp using the Telegram link below. Keen to learn to trade using pure price action? You can join my mailing list (via www.profitfxza.com) to learn how you can access The Complete Price Action Trading Course and learn to trade profitably. No hype, no fluff, just pure trading!
by Cmasterza
1
EURJPY Short Trading Idea (Sell The Breakout)See screenshots below showing the price action on daily, weekly and monthly timeframe. I believe price will drop to the lower trendline and on the 4-hour timeframe, we have a clear break & retest, giving us the opportunity to jump in on the sell. Let's see how the markets open, we want to minimise our risk as much as possible so if we gap up, it will be an advantage for us. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Short
by AEFX786