EURJPY might have appreciated quite a bit today, but to me, it's just a technical retracement. It is now at a great level for a shorting opportunity, however, I would prefer a retest of the high without close above the rectangle on a M15 chart. Awaiting for RSI Div to go against its aggresive movement. The forecasted short opportunity lies on a 61.8% retracement...
EURJPY has been appreciating quite a bit today. For Pivot Point Traders, it is at it's R3, furthermore it is merely a 61.8% retracement and it sits on previous resistance. Looking for a shorting opporunity after market forms a double top but not exceeding the rectangle drawn. Awaiting for RSI Divergence. It can be pretty bearish, do note that this weekend there is...
EURUSD Head and shoulder spotted, developed a few strategy to capture this trade. The most simple method is to engage the trade after the break of support line. However, let's developed some other possibility to engage the trade with insane but practical reward:risk ratio.
Structure-based trade. Candle has close below the previous low, indicating a possible of continuation of a bearish trend. Looking for market to retest previous high and look for indecisive candle follow by a bearish candle to short the currency pair. Single target for this trade. Retest of previous low, I'll place my Stop-Loss at Entry, pertaining a risk-free trade.