As we seen in EURJPY the market is forming rising wedge pattern which indicates that the market will come down and I have shown you in the chart that two lines which i have drawn in the chart that clearly indicates that the pattern which I have mentioned in RISING WEDGE.
We have to take trade in when the candle will break the below line and that should be of strong selling then we have to enter on the trade and then we have to put the Stop Loss at the 139.525 and we have to keep of the 137.782 and we have to mention the risk to reward ration of 5:1.
Thanks and best of luck for your trade.
Trade active:
Hii
Take entry because the volume of the the breakout candle is very strong and the candle is breaking the below line so we need to execute the trade at down direction.
Thanks
Take entry because the volume of the the breakout candle is very strong and the candle is breaking the below line so we need to execute the trade at down direction.
Thanks
Trade closed: target reached