Pullback to structure.
EURJPY is in a steady downtrend.
Price may continue to the downside
Plan A: Sell the pair if the price could not break the resistance and
showing a beasrish signal (pinbar, engulfing, or inside bar breakdown).
You can put SL as shown on the chart.
SL A: 128.05
TP1: Previous support (Take partial or all profit).
TP2: 126.10
Plan B: If the price break the first resistance,
then wait for the next resistance to hit and rejected then sell from there.
You can use previous support to take partial or all you profit.
(Note: Never trade with the money you can't afford to lose).
SL B: 128.72
TP1: 126.65
TP2: 126.10
Trade your own plan.
Good luck.
Please like, comment, and subscribe to support the author if you find this analysis helpful
EURJPY is in a steady downtrend.
Price may continue to the downside
Plan A: Sell the pair if the price could not break the resistance and
showing a beasrish signal (pinbar, engulfing, or inside bar breakdown).
You can put SL as shown on the chart.
SL A: 128.05
TP1: Previous support (Take partial or all profit).
TP2: 126.10
Plan B: If the price break the first resistance,
then wait for the next resistance to hit and rejected then sell from there.
You can use previous support to take partial or all you profit.
(Note: Never trade with the money you can't afford to lose).
SL B: 128.72
TP1: 126.65
TP2: 126.10
Trade your own plan.
Good luck.
Please like, comment, and subscribe to support the author if you find this analysis helpful
Trade active:
You can short now. good luck.
Comment:
Plan A active.
Comment:
Comment:
Nice
Trade active:
Plan B active
Comment:
TP1 Plan B hit. Win x2.