DACapitalTrading
Short

EURJPY - SWING - 27. JULY. 2020

FX:EURJPY   Euro / Japanese Yen
Welcome to our weekly trade setup ( EURJPY )!

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1 HOUR
Bearish price after forming new highs.

4 HOUR
Bearish reaction from previous top.

DAILY
Market turning, good short entries!

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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!)


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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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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
+5 Reply
DACapitalTrading Michael_Harding
@Michael_Harding, Thanks for sharing your view with us!
+1 Reply
Michael_Harding DACapitalTrading
@DACapitalTrading, cheers mate
+1 Reply
DACapitalTrading Michael_Harding
Reply
DACapitalTrading Michael_Harding
@Michael_Harding, all the best mate
Reply
still hold?
+1 Reply
@lukectz, yes sure!
Reply
@lukectz, hby?
Reply
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