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TheRavensForex

EURJPY Sell - tight stop loss at the trendline edge

Short
Euro / Japanese Yen (FX:EURJPY)  
TheRavensForex Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis
11
2
trendanalysis chartpattern waveanalysis
EURJPY experienced a significant bullish volume that pushed the price to break the previous high. However, after a confirmation, a rejection formed and broke a small trendline. Today, the price bounced back to the previous high as a retest level, which coincides with the trendline. This presents an opportunity for us with a very tight stop loss.
Please note that this is a risky trade, so manage your size and stop loss accordingly.
Trade closed: stop reached
Comment:
The update is here:
EURJPY Sell - pinbar, huge rejection, golden entry opportunity
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TheRavensForex
EURJPY Sell - pinbar, huge rejection, golden entry opportunity
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