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ForecastCity
Oct 13, 2020 9:42 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 (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
Mehmetozdemi
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Nice and useful chart
ForecastCity
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@Mehmetozdemi, Thank a lot for your comment.
Chingus
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Like your chart work!
ForecastCity
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@Chingus, Thanks.
DenizKilicDeniz
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Thanks again
ForecastCity
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@DenizKilicDeniz, You're welcome.
ourdoug
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many thanks...... managed a small long then a successful short per your forecast
well done!!
ForecastCity
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@ourdoug, We're glad you liked it. πŸ’ŽπŸ™πŸ’Ž
ourdoug
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RSI this morning at 22 ( 240) hope to get a buy in before your expected bearish move. Thanks for your work!
ForecastCity
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@ourdoug, You're welcome. πŸ’ŽπŸ™πŸ’Ž
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