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rakinahmed
Feb 7, 2019 11:36 PM

EURJPY Sell idea Short

Euro Fx/Japanese YenFXCM

Description

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.
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