EURJPY - Sell
Price is in a range but down trending on the 1H
Price has retraced to 50% of the downward move and taken out Stop losses from the consolidation.
We are looking to continue to the sell.
Could do with a wider SL in case it retraces to rebalance the bearish ICs above but if taken out, we will re-enter from above
£ = liquidity resting point (where stop losses and buy/sell stops are held)
X = the liquidity has been taken out by the banks
Price has retraced to 50% of the downward move and taken out Stop losses from the consolidation.
We are looking to continue to the sell.
Could do with a wider SL in case it retraces to rebalance the bearish ICs above but if taken out, we will re-enter from above
£ = liquidity resting point (where stop losses and buy/sell stops are held)
X = the liquidity has been taken out by the banks
Note
widening SLTrade closed: target reached
beautiful play
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.
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.