💡Don't miss the sell opportunity in EURJPY Short

Euro Fx/Japanese YenFXCM

Description

⋅ Oct 12, 2020 12:08 PM

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (124.850).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.

Take Profits:
TP1= @ 124.250
TP2= @ 123.850
TP3= @ 123.150

SL: Break Above R2

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Comments

yusufipek1989

⋅ Oct 12, 2020 2:11 PM

Very cool view, thanks for sharing bro! 👍

ForecastCity

⋅ Oct 12, 2020 2:38 PM

@yusufipek1989, You're welcome! 🙏🙏🙏

Pro_Trader_007

⋅ Oct 12, 2020 1:49 PM

I appreciate your nice technical analysis. Thank you @ForecastCity.

ForecastCity

⋅ Oct 12, 2020 1:56 PM

@Pro_Trader_007, We're glad you like it.

ForecastCity

⋅ Oct 12, 2020 1:56 PM

@Pro_Trader_007, You're welcome! 🙏🙏🙏

Mehmetozdemi

⋅ Oct 12, 2020 2:24 PM

You're accurate almost all the time. 👍

ForecastCity

⋅ Oct 12, 2020 2:38 PM

@Mehmetozdemi, We're glad you found it an accurate idea. And we appreciate your support. 💎🙏💎