Shorting at market price - price has pinned the minor resistance and printed a sell signal (railroad track)
Selling at market price 126.485
SL above highs @ 126.905
TP lower down 2 support 125.123
See EURUSD trade idea to confirm correlation of EUR pairs and analysis
As usual don't bet the farm, good risk management won't kill you but the lack thereof could...
this is my view of EURJPY. I have enter the trade already but you can enter the trade if the market open on Monday.
I will see a retest of the broken zone next week.
Risk management will hold you in the game.
Have a nice trading week.
Going for short on EURJPY with the mention setup on the chart it's look like trend line broken, facing some support here, selling spot is mention on the chart please Read the instructions.
*Note: please use stops always and ever don't forget or miss.
Shorting at market price 127.128 now
False breakout indicated by key level on D1 and W1 timeframe
Stop just above the high at 127.613 and
Take profit provisionally at 126.197 (previous resistance level)