TheRavensForex

EURJPY Sell - trendline edge, the entry of another wave

Short
FX:EURJPY   Euro / Japanese Yen
EURJPY bounced off the upper edge of the trendline, offering a tight entry opportunity. To minimize risk, it may be wise to decrease the trade size. We can expect the formation of a descending wedge and a potential decline to the 138.5 area.
Trade closed manually:
Closed with a small loss for now, will check it later.
Comment:
Reenter idea:
Trade active
Trade closed: target reached:
I closed the whole trade, happy weekend.
Comment:
I will post another idea if the trade finished its retrace:
Comment:
New post:

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