EURJPY short

FX:EURJPY   Euro Fx/Japanese Yen
a year ago
Hello everyone, i will be posting here my ideas so i can keep track of
Why i dont publish in private? Because i am open to any suggestion, so if anyone wants to tell me something about the idea, i will be glad to read what he or she has to tell me !

Here i am looking for a short in eurjpy             weekly. wich seems to be in a very corrective structure at the moment.
When the corrective structure is finished, i will be expecting another impulse down that should go below the previous low of the impulse down ( in the best scenario )
I will list below a few reasons to short now :

• First: price seems to have bounced of the .618 fib level
• Second: price stopped at weekly trendline .
• Third:in ichimoku we can see price below kumo, and recently bounced off from it. recent tenkan kijun crossover
•Fourth: Thight stop, if this setup is wrong, we have a tight stop in relation to the possible target

i will list below a few reasons to not short now :

• First: Stoch oversold and crossing up.

Any suggestion will be welcome.
Thanks for reading.
a year ago

This setup is taking more time than i expected, so i am trying to be more preventive
a year ago

Stop moved to break even... now jits time to forget about this trade, and see how it went in about a week..
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