Mafora

EURJPY SHORT

Short
FX:EURJPY   Euro / Japanese Yen
1W

1. 1st touch, 2nd touch and 3rd touch completes
the trend

1D

1. Dynamic EMA acting as resistance with trend
line supporting the move up.
2. Daily Candle has since broke below current
trend line
3. Looking for support in the lower time frame to
enter a sell
4. Sell @ 124.400 SL @ 127.150
80% profit will be release @115.700
10% profit will be release @112.000
TP will be hit @111.000

4H
Double top rejection
2 Options to take Sell trade
1. Waiting for Market to retest Level @125.250
waiting for support to be created and market
breaking below that support.
2. Wait for a 4H candle to break and have a body
close below 124.500
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.