EURJPY (1D): EUR Weakness Not Done?
Updated
EURJPY Timeframe: 1D
Direction: Short
Confluences for Trade:
- Stochastic Overbought momentum (1D, H4, H1)
- Reversed against the Fibo Retracement 50% line
- Fundamentally, Italy's budget story has yet to be solved, EU-Italy discussion continues this week; expecting further volatility. In addition to that, higher chance of Democrats taking over the House will add political uncertainty and lead the EURJPY down with this pair normally being a risk off pair.
Suggested Trade:
Entry @ Area of Interest 129.45 - 129.90
SL: 130.38
TP: 128.32
RR: Approx. 2.27 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade active
Note
Lock in profits for half the position and move SL to BE. Run the remaining position totally risk free.
Trade closed: target reached
:D
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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