As you guys know the current weekly bias on the Eur/Jpy is still short. Or in other words, price is likely to reach 114. 40 before reaching 133.68. (Though the main target has changed. Explained in the video.)
In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming days and weeks.
That's it! I'll keep you guys updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
Let me know if you have any questions! I don't bite!
afolagbadejide
⋅
@TradingForexPriceAction, where do we get your price action course? And is eurjpy experiencing volatility Also is it safe to assume that at 133.68, this setup is invalidated?
TradingForexPriceAction
⋅
@afolagbadejide, Hello. All my links are on my profile page. Please check it out. As of now, in order for me to take a short entry, I will need 1 hour and above confirmation of short strength. Thus, the short trade is not validated at this point. I hope I answered your question!