Possible short setup on EUR/JPY
Hello,
I`m just beginner in trading so please have that in mind when you see this analysis, thank you.
On 4h chart bearish head/shoulder are forming, and weekend pivot point is just there to give resistance. If PP with M3 sell zone, succeeds as resistance, I will consider short position with possible TP on monthly PP.
I`m just beginner in trading so please have that in mind when you see this analysis, thank you.
On 4h chart bearish head/shoulder are forming, and weekend pivot point is just there to give resistance. If PP with M3 sell zone, succeeds as resistance, I will consider short position with possible TP on monthly PP.
Trade active
After bearish pin bar on 1h chart and follow by engulfing candel open trade with SL on 125.591, 1TP at 124.500Trade closed: stop reached
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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.