Fxprotrader
Short

EURJPY: Sell Opportunity With More Than 3:1 R/R

FX:EURJPY   Euro Fx/Japanese Yen
631 3 23
Price is testing a slide parallel of a downsloping median line with a valid slope after breaking below a short term uptrend. That's a very nice level to go short with sl above previous swing and tp the upper quartile if the median line set. This setup offers a 3.4:1 risk/reward.

Trade closed: stop reached
Although stop hit, still a good trade to take. Entry was too aggressive. Maybe wait for the 113.8 level. It would have still stopped out but for less of a loss.
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Fxprotrader FaisalMahboobe3
Well, you may be right, but in my view we have a change of behaviour as price has broken above the upper parallel. In case it reverse and move to the down i will look for a pullback to one of the lines and watch for sell setups.. Thnak you very much your thoughts :)
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Hi...
do you think we go up from here?
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