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Nemo_Confidat
Apr 25, 2021 6:20 AM

EURJPY - SHORT; SELL the Monthly Resistance here! ... Short

Euro Fx/Japanese YenFXCM

Description

...despite the heavy docket next week. (BoJ rate decision, EU data dump, etc.) The upcoming data has a virtually zero chance to fundamentally alter the overall picture, either for the EU or for the BoJ.
Much more importantly, technically this is a solid SHORT Entry here with low risk. (Despite the likely volatility.) If the trade is wrong, you'll know it right away.

Note: This post also serves as a replacement/update for the previous EURJPY post which was erroneously updated, earlier last week. (See attached)
Comments
maximilian-severiens
Great Job!
Nemo_Confidat
@maximilian-severiens, Much appreciate it! Cheers
rayman345
nice analysis. Same view here too mate
Nemo_Confidat
@rayman345, Thanks! Cheers
BigPipster
SL for this trade?
Nemo_Confidat
@BigPipster, Nothing past that Stop Hunt - where we went short.
Michael_Harding
All EURO CROSSES Point Higher This Week
Nemo_Confidat
@Michael_Harding, I agree with 2 out of 4. The EURCAD is also most likely a bull-trap.
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