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Noobanalysis

Possible short on EURJPYHi! This is my first post, and do let me know if you think I'm wrong on any of this. As we can see on the RSI indicator, EJ pair is curently very overbought. Furthermore, we're facing a probability of a double doji close on 1h chart. Currently, EJ seems very exhausted, and to me it seems like it is only a matter of time before it tests resistance at TP1 and TP2. Whatever happends after, I do not know. If you read this, please flame me in the comments, but do give a like (I really want to be able to use the chat function :)) Good luck!
Short
by kamildx4
1
USDJPY Triple threat? :DI am working on the principle we should get a few bounces in the AM as the new week starts and a lot of the lines are being held to so I have two live entries waiting to trigger, and one that I will add first thing! Entry 1: (Long) .03 lots Enter: 127.090 TP: 128.300 SL: 126.800 RR: 4.14 Entry 2: (Short) .03 lots Enter: 129.670 TP: 128.500 SL: 129.850 (Updating when desks open so has a slightly lower RR) RR: 6.5 Entry 3: (Short) .05 lots *to be added when desk opens* Enter 131.240 TP: 129.600 SL: 131.500 RR: 5.54 I reserve the right to back out of these with some profit if it gets too choppy though :D
by Neuro-Demus