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ForecastCity
Jan 23, 2022 4:30 PM

πŸ’‘Don't miss the great sell opportunity in EURJPYΒ Short

Euro Fx/Japanese YenFXCM

Description

β‹…
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (129.59).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 35.

Take Profits:
TP1= @ 128.52
TP2= @ 128.01
TP3= @ 127.51
TP4= @ 127.18
TP5= @ 126.44

SL: Break Above R2

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Comments
Sophi2018
β‹…
Good work! πŸ‘ Nice idea.
ForecastCity
β‹…
@Sophi2018, Thank you for your comment. We appreciate it. 🌹
DenizKilicDeniz
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Clear, and detailed analysis. πŸ‘ Thanks!
ForecastCity
β‹…
@DenizKilicDeniz, Thank you for your comment. We appreciate it. 🌹
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