charts247
Short

EURJPY SHORT CALL

FX:EURJPY   Euro Fx/Japanese Yen
56 2 1
What we can see here in the EURJPY             is a continuation setup after a secondary trend.
The main move is to the downside in the pair, price rose to the 132.27 level but failed to hold gains around the high.
Here we are going short the eurjpy             with stop loss placed @ 131.35 we target 127.40.
GLT             and Trade with care..
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Comment: After couple of hrs with no action, the pair is finally showing some movement.
We remain short the eurjpy.
GLT and trade with care...
Comment: EURJPY Nearing our target we continue to hold this position.
snapshot
Comment:
snapshot

The pair finally broke below the 128.27 after pullback. Our target is near.
GLT
Are you sure about reaching the target?
Reply
charts247 SameeraViraj
Yes! The price never travel in a straight line. As you can see a break below 128.74 again will continue the slide... If you enter this trade with me on Thursday. ill say adjust your stop to lock in some profit: 129.70 area. have a good day
Reply
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