stevenwee
Short

EURJPY Descending Wedge Breakout

FX:EURJPY   Euro Fx/Japanese Yen
32 0 0
Looking to sell the EURJPY             if daily manages to close below SNR             zone. Wait for a retracement on the next daily to enter a sell. Entering a sell at the moment the daily closes will give a poor RR ratio.

Tp is set at previous SNR             zone but prices may go lower into the 1.618 fib level before any corrective structure occurs.

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