Overview- EUR/JPY has reversed from the double top at 130.60.
So, let us take a look at a possible sell entry which might play out in the next
few days.
Analysis - As you can see from the chart, 130.60 level is a resistance for EUR/JPY
which the bulls could not break previously. Price has reversed from the double top with bearish
candlestick formation.
Probable trade set-up - Based on the above analysis, selling EURJPY@130.15-130.60
with SL above 131 and TP at 128.20 is a good sell set-up.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
So, let us take a look at a possible sell entry which might play out in the next
few days.
Analysis - As you can see from the chart, 130.60 level is a resistance for EUR/JPY
which the bulls could not break previously. Price has reversed from the double top with bearish
candlestick formation.
Probable trade set-up - Based on the above analysis, selling EURJPY@130.15-130.60
with SL above 131 and TP at 128.20 is a good sell set-up.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.