EURJPY (1D): EUR Weakness Not Done?

EURJPY
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Stochastic Overbought momentum (1D, H4, H1)
- Reversed against the Fibo Retracement 50% line
- Fundamentally, Italy's budget story has yet to be solved, EU-Italy discussion continues this week; expecting further volatility. In addition to that, higher chance of Democrats taking over the House will add political uncertainty and lead the EURJPY down with this pair normally being a risk off pair.

Suggested Trade:
Entry @ Area of Interest 129.45 - 129.90
SL: 130.38
TP: 128.32
RR: Approx. 2.27 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Comment:

Lock in profits for half the position and move SL to BE.

Run the remaining position totally risk free.

Trade closed: target reached:

:D