VladimirRibakov
Short

EURJPY Sell Setup

FX:EURJPY   Euro / Japanese Yen
I’m following the potential up trend line to develop on the M15 chart. Once price enters the sell zone, ideally we want to see divergence followed by a breakout below the trend line .

After the breakout, let the price retrace a bit and then short the pair.

Set your protection above the longer term bearish trend line that comes from the highs of the H4 chart.

Target 1 – 114.10.

Target 2 – 113.20.

Once target 1 is reached, move your stop loss to break even to free the risk and let the second part of the trade run.
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