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RaynLim
Oct 7, 2020 11:14 AM

EURJPY - Sell Zone Short

Euro Fx/Japanese YenFXCM

Description

A counter-trend trade setup at a sell zone where RSI is oversold. This is considered as an aggressive trade, but aggressive trade if done right, gave the best Reward is to Risk Ratio. Trade has engaged, let's see how this trade goes.

What I love about this trade setup it's the indecision candle in the sell zone or better known as supply zone.

Trade closed: target reached

Target1 Attained: 124.10(+65)
SLE: 124.70(+5)
Comments
DemoDiaryFX_Trading
thanks for your work. And this is my take on this pair, also short bias
RaynLim
@DemoDiaryFX_Trading, it certainly looks great the weekly timeframe. let's see how it goes.
DemoDiaryFX_Trading
@RaynLim, appreciate your comment, thanks!
SunnyHillCapital
Seriously amazing work, thank you for sharing with us!
RaynLim
@SunnyHillCapital, You are welcome, if you like it, do remember to share it. Do your own analysis, don't follow blindly ya
vine8018
@RaynLim, what's cut loss point
RaynLim
@vine8018, I place it Xpips above the sell zone, the exact cut loss is only for my community. Hope you can understand
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