Reasons for this short:
- Reacted from a daily S/R level
- 15 min bearish market structure
- EUR futures looking like it want to dump
- JPY futures are kinda in a range but with EUR really looking bearish on the futures i like the short idea
- EURJPY never took stops so i expect them to take them at some point under the red line i drew. Will be taking when stops are taken out from people that are long a little above the round number 124.
I have put the stop a little wide because off EURJPY is a little wild and there is definitely a chance of this pair going up a little more so i have put stop above a round number above a level it could react/fake out to.
- Reacted from a daily S/R level
- 15 min bearish market structure
- EUR futures looking like it want to dump
- JPY futures are kinda in a range but with EUR really looking bearish on the futures i like the short idea
- EURJPY never took stops so i expect them to take them at some point under the red line i drew. Will be taking when stops are taken out from people that are long a little above the round number 124.
I have put the stop a little wide because off EURJPY is a little wild and there is definitely a chance of this pair going up a little more so i have put stop above a round number above a level it could react/fake out to.