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WBGwen
Oct 27, 2018 5:07 AM

EURJPY Pullback to structure. Downtrend may continue Short

Euro Fx/Japanese YenFXCM

Description

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.

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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.
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