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Welcome to our weekly trade setup ( EURJPY )!
-
1 HOUR
Bearish price after forming new highs.
4 HOUR
Bearish reaction from previous top.
DAILY
Market turning, good short entries!
-
FOREX SWING
SELL EURJPY
ENTRY LEVEL @ 123.450
SL @ 124.180
TP @ 122,410
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
-
1 HOUR
Bearish price after forming new highs.
4 HOUR
Bearish reaction from previous top.
DAILY
Market turning, good short entries!
-
FOREX SWING
SELL EURJPY
ENTRY LEVEL @ 123.450
SL @ 124.180
TP @ 122,410
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Trade active
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Trade closed: stop reached:
Closed with -70 Pips (-0.5%)
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🔥 SHOW US SOME LOVE
Top 3 Donations:
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(1900) Lukikum
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Comments
I like the idea, good entry. At that entry level it would validate a possible continuation leg which could potentially be equivalent as the first leg from 124.24 down to 122.82 but I think that target is a bit aggressive. Mind you if the COVID19 number continue to increase as they currently are in Germany that could potentially be the next EUR culprit for weakness. Personally though I would scale back a bit on that target and aim for 122.90. 10 pips below the 122 handle. Best of luck fellow traders
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