Marenno
Short

EURJPY short set up

FX:EURJPY   Euro / Japanese Yen
At the moment the pair has broken 128.4 level, but there is a possibility to go down much more, due to a down trend.
Sell stop area (if using no limit orders) at 128.214, stop loss above 128.600, tp1: 127.75, TP2: 127.25

I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading strategy), Sometimes I prefer not to wait till my SL is hit.
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