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

FX:EURJPY   Euro / 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.
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 :)
do you think we go up from here?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out