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ProjectSyndicate
Sep 13, 2020 8:43 AM

EURJPY H4: BEST level to SHORT IT +175 pips (SL/TP)(NEW) Long

Euro Fx/Japanese YenFXCM

Description

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EURJPY H4: BEST level to SHORT IT +175 pips (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: EURJPY 4hour/candle chart review
::: updated/revised outlook for new week
::: we are still locked inside range now
::: Sentiment shows more upside short-term
::: Still enough short sellers for a squeeze
::: locked inside range short-term
::: likely more upside early this week
::: higher risk setup: MARKET BUY
::: TP 126.60 SL 40
::: recommended strategy: SHORT IT 126.60
::: SL 50 TP1 +125 TP2 +175 pips (125.20)
::: nice low risk setup
::: might get triggered soon
::: SHORT/HOLD - swing trade setup
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS/RANGE LOCK
::: 15 000 lots short / 6 000 lots long
::: OUTLOOK: BULLS short-term
Comments
PolarHusk
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great setup for a bounce play$
ProjectSyndicate
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@PolarHusk, good deal
bobber70
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Thanks
ProjectSyndicate
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@bobber70, welcome
Trading2ez
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Catch the peek! :-)
ProjectSyndicate
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@Trading2ez, perfect
Saeed966
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Good work
ProjectSyndicate
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@Saeed966, thanks
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