Short

Market exhaustion on EUR/JPY

Eur/Jpy has touched the 2.236 level and it appears exhausted. I draw a daily trendline which I am expecting the price will break and go further down possible to 1.618 level. All I'm waiting for is a signal of the closing of this 4hr candle to see if closes as a doji, and I will jump right in. It's a 35 pip stop with a 145 profit, so is a good risk/reward trade if works.

e0615

Also on:

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.