rakinahmed

EURJPY Sell idea

Short
FX:EURJPY   Euro / Japanese Yen
I can see a continuation of the bearish trend after a retracement to the 25 EMA due to the RSI being too low.

To support my prediction, I have the bearish trend coming off from a resistance found in the daily timeframe .

The stop-loss has been positioned with respect to the previous consolidation region. An ambitious target price was chosen short of a support region spotted in the weekly timeframe .
Comment: First target hit at 124.335
Stop-loss has been moved to the entry price
Trade closed manually: Stop loss was triggered at entry price.