EUR/JPY has broken the uptrend line and is now retesting a key resistance zone at 160.854. This could be a great sell opportunity, targeting 158.201, with a Risk/Reward Ratio of 1.6.
📉 Sell Setup:
Entry: 160.854
Stop Loss: 162.514
Take Profit: 158.201
This trade offers a good risk-to-reward ratio, but be cautious of economic news that may cause volatility. What’s your take on this setup? Let’s discuss!
📉 Sell Setup:
Entry: 160.854
Stop Loss: 162.514
Take Profit: 158.201
This trade offers a good risk-to-reward ratio, but be cautious of economic news that may cause volatility. What’s your take on this setup? Let’s discuss!
Trade closed: stop reached
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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.