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TheRavensForex
Feb 6, 2023 1:25 AM

EURJPY Sell - exhausted after NFP, expecting retracement to fill Short

Euro Fx/Japanese YenFXCM

Description

EURJPY experienced a bounce to the monthly high following the release of the recent Non-Farm Payroll (NFP) news. However, the upward momentum appears to be waning and a pullback or retracement to fill the price gap is expected to occur soon. The first target for this downward movement is the 141.5 level. It is possible that the pair may continue to drop even further, potentially reaching 140.585 or lower.

Trade closed manually

Closed with profit.

Trade active

reentered.

Trade closed manually

Closed at the entry, we will see later.

Trade active

I will reenter it if the price breaks the line.

Comment

Yesterday I reentered and got stop out, I will wait for another entry today:

Comment

Thank you guys for your support:

Trade closed: target reached

Closed with the whole profit :)

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Comments
fredricksmmy9
This was a good call
TheRavensForex
@fredricksmmy9, Thank you for your support.
Rabeekhatlani
TheRavensForex
@Rabeekhatlani, Good job!
Rabeekhatlani
@TheRavensForex, thanks :)
JoeChampion
Great view mate!
TheRavensForex
@JoeChampion, Cheers!
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