Euro / Japanese YenShort
EURJPY Sell oppurtunity
Updated
EURJPY was in an uptrend and know it has reached the trendline and its below the trendline.I am selling it with as potential R:R of 1:3 based on following reasons.
1)on H4,
it has produced two selling singles one is the shooting star at 144.690 and bearish engulfing candle at around 143.000
2)on Daily timeframe ,
it has also produced a shooting star at around 143:300, we can also see drivergence on RSI .
So based on these analysis we can sell euyjpy with R:R levels mentioned in the chart.
Note: This trades may last for more than a week .
1)on H4,
it has produced two selling singles one is the shooting star at 144.690 and bearish engulfing candle at around 143.000
2)on Daily timeframe ,
it has also produced a shooting star at around 143:300, we can also see drivergence on RSI .
So based on these analysis we can sell euyjpy with R:R levels mentioned in the chart.
Note: This trades may last for more than a week .
Note
inserted H4 and D1 images for reference
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