Clean EUR/JPY TRADE
EUR/JPY trade, hit the resistance and the Euro became exhausted as it stopped making higher highs and didn't look like had enough momentum to break the resistance and started selling off following previous trends. Broke the EMA line and MACD and RSI both support the current trend.
Note
The risk to reward ratio has to be taken into consideration as stops can be placed above the resistance while take profits can be placed at the support ensuring a high risk to reward ratio
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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.
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.