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OfficialJ23
Feb 5, 2024 2:54 PM

EurJpy Trade Idea Short

Euro Fx/Japanese YenFXCM

Description

Original EJ shorts ended up getting stopped out before hitting my target. Shorts were still valid since price continued bearish structures after the flip. I decided to go for another short position for a potential 1:3rr. Price is currently floating in profit. Now that price has broken below 159.480 we should see bearish structures until targets are met. I’m expecting price to pullback and retest 159.480 before possibly continuing shorts. We’ll see what happens. Last entry for the day.
Comments
ibrar550
don't be surprised if this touches 161 again, the stronger the dollar the weaker the yen
OfficialJ23
@ibrar550, I closed with small drawdown. Noticed price flipped at 159.480. Higher time frames are bullish as well so I decided to take longs with targets at 160.270
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