JakeStJohn

EURJPY H4 Sell: Break of trendline

Short
FX:EURJPY   Euro / Japanese Yen
EURJPY H4 Sell:
- Bearish trendline breakout (to the downside)
- Strong bearish selling pressure last week, looking to continue

Need confirmation:
- Looking for a retest of the breakout area - this is the optimal entry place
- Price maintains closure below the trendline which indicates selling pressure is high

Entry:
- Enter between: 119.800-119.900
- Stoploss: 120.350-120.400
- Take profit: 117.950-117.900
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.