FullTimeTrader
Short

EURJPY-bouncing from trendline and double top

FX:EURJPY   Euro Fx/Japanese Yen
543 8 11
PD. i chose the inverse entry tool for SL and TP but the idea is clear
*********************************************************

After a bullish correction the price formed a double top.
Then began a bearish move breaking the trendline
Now has rejected from the base of the double top and the trendline.

We have alson a 55 EMA acting as resistance.
The fact the price closed below the important psycho level 1.3000 level gives me another confirmation to take a short.

Regards.
JakeSummers4x
2 years ago
Nice
Reply
GcNaif MOD
2 years ago
good one bro , i think u mean to draw that short position with sl an targets
Reply
Indeed, I took the retracement entry.
See you at the lowest high level soon.
Your target is completely achievable.
Reply
sinbux
2 years ago
Caution for the upside down enry recomendation.. Its missplaced.
Reply
aymankkhlifat
2 years ago
But but ,here broke the 4 month downtrend channel https://www.mql5.com/en/charts/3221623/eurjpy-h4-fxpro-financial-services
Reply
FullTimeTrader aymankkhlifat
2 years ago
Hello, from my point of view that trendline has been already invalidated..........
Reply
aymankkhlifat FullTimeTrader
2 years ago
Good Luck!
Reply
HiTech PRO
2 years ago
Very similar scenario to what I have
EURJPY SHORT TRADE SETUP

lets roll
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out