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fionnablack
Aug 20, 2017 12:42 PM

EURJPY short Short

EURO / JAPANESE YENICE

Description

Idea: EURJPY continuation short based on bearish RSI swing failure on the hourly chart.

Cons: The stop has to survive the Monday open. Intense euro buying on Friday may encourage new buyers and whipsaw the short trade.

DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Comments
smifflar
have to agree, 38.2 fib level and im still sell the rallies until we see a break of the previous high!! good analysis
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