Euro / Japanese YenShort
EURJPY AROUND A STRONG REJECTION
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EUR/JPY What's next!?
As we can see price is sitting around a massive resistance zone, from Daily time frame
Where we will be looking for new bearish reversal setups.
Meanwhile, on M30 Time frame price formed a new swing low, and for the bears to kick in we need a momentum candle close below the marked swing low.
Then a movement lower would be expected
And as usual, (1-2) Risk To Reward Ratio from a risk management perspective.
Meanwhile. and until that happens, price is still overall bullish and price can still trade higher before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
EUR/JPY What's next!?
As we can see price is sitting around a massive resistance zone, from Daily time frame
Where we will be looking for new bearish reversal setups.
Meanwhile, on M30 Time frame price formed a new swing low, and for the bears to kick in we need a momentum candle close below the marked swing low.
Then a movement lower would be expected
And as usual, (1-2) Risk To Reward Ratio from a risk management perspective.
Meanwhile. and until that happens, price is still overall bullish and price can still trade higher before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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