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ForecastCity
Dec 30, 2020 1:18 PM

πŸ’‘ Don't miss the great sell opportunity in EURJPYΒ Short

Euro Fx/Japanese YenFXCM

Description

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Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (126.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.

Take Profits:
TP1= @ 126.34
TP2= @ 125.70
TP3= @ 125.05
TP4= @ 123.95
TP5= @ 122.80

SL: Break Above R2

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Comments
Josef_anderson
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The first target was reached. It is a nice setup. thanks!
ForecastCity
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@Josef_anderson, It's good to hear. We're happy for you πŸ’ŽπŸ™πŸ’Ž
figo1
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keep up the good work, by helping people to come out of poverty your the best and you will never be forgotten. happy new year in advance.
ForecastCity
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@figo1, Happy new year to you too. We appreciate your comment. We wish you all the best πŸ’›πŸ’™πŸ’œ
Raphmore27
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πŸ’Ž
ForecastCity
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@Raphmore27, πŸ’ŽπŸ™πŸ’Ž
Pro_Trader_007
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Good call! tnx for sharing it.
ForecastCity
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@Pro_Trader_007, You're welcome! Thank you for your comment
fxpays
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Good analysis, I’m currently short alsoπŸ‘
ForecastCity
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@fxpays, Thanks for sharing your feedback.
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