EURJPY: Trend following made easy

FX:EURJPY   Euro / Japanese Yen
I'd like to share a trade opportunity in this pair. You can see how the moving average on chart shows when it's a good chance to short this pair, looking to rejoin the dominant downtrend in place.
We can now enter at market, (if not already in...I'm short from 116.191, and added at 115.164).

The price has hit a strong level, which coincides with the mid point of the Brexit induced decline, as well as a recent daily downtrend's resistance, so I expect this pair to roll over, and proceed to accelerate to the downside soon.

Good luck if taking this trade,

Ivan Labrie.
going good so far :)
+1 Reply
Yep, let's hold, to give you an idea, it could be like the similar drops:

IvanLabrie IvanLabrie
It could be similar to previous drops*
okok IvanLabrie
pretty damn interesting! Long way to go but I'm with you.
You can book partial profits or book the whole thing here. Then we can reenter if safe in a few days.
okok IvanLabrie
Ok, thanks Ivan. I'll go ahead and do that, I better not be too greedy.
Will keep following this one though, nice call.
You can see it pulled back now. I'll watch it closely, maybe we can reshort again but not for now.
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