ForecastCity

💡Don't miss the great sell opportunity in EURJPY

Short
FX:EURJPY   Euro / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (124.2). 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 33.

Take Profits:
TP1= @ 123.45
TP2= @ 123.05
TP3= @ 122.55

SL: Break Above R2

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Comments

Nice chart. I'm gonna use this one.
+4 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, Thank you for your comment. Hope you get the most out of it.
+3 Reply
I'm long. But your chart seems more logical, as usual ;)
+3 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, Thanks for sharing your feedback.
+2 Reply
Well detailed chart. Thanks for sharing !!
+2 Reply
ForecastCity musclemilk0075
@musclemilk0075, It's our pleasure. Thank you as well for your comment.
+1 Reply
I have the same view.
+2 Reply
ForecastCity sofi_Morphy
@sofi_Morphy, Thank you for sharing your feedback.
+1 Reply
it's a great trading opportunity. 👌
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks for your comment.
Reply
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