EURJPY rally has stalled at an important Trend Line Resistance(orange line).
Besides, EJ has failed to break the previous high at 126.78.
Hence, it would be good to sell here at 126.60 with SL above 127.40.
Traders can look for 125.50 as the first TP and 124.00 as final TP.
Besides, EJ has failed to break the previous high at 126.78.
Hence, it would be good to sell here at 126.60 with SL above 127.40.
Traders can look for 125.50 as the first TP and 124.00 as final TP.
Comment:
Comment:
On the Weekly chart, we can see a "death cross" indicated by the red cross in the chart. That's why I'm looking to sell the rallies in EJ.
Trade active:
Trading active and currently holding profits of 88 pips.
Trade closed manually:
Closed with 175 pips profit
Comment:
Price reached our final target too