EURJPY short
EUR JPY short:
(1) the trend is down given the last swing downwards
(2) indecision candles on the hour and 15min indicate that the 132.50 is seen as a significant level.This level also corresponds to the 0.382 fib retracement.
(3)Candle stick pattern on the 15min to " confirm" the above.
Target is for 132.00 initially. Although 131.50 (1.618 extension) looks appealing but let's not get greedy :)
Let's see how it goes
(1) the trend is down given the last swing downwards
(2) indecision candles on the hour and 15min indicate that the 132.50 is seen as a significant level.This level also corresponds to the 0.382 fib retracement.
(3)Candle stick pattern on the 15min to " confirm" the above.
Target is for 132.00 initially. Although 131.50 (1.618 extension) looks appealing but let's not get greedy :)
Let's see how it goes
Note
My apologies the stop is at 132.55Note
Stoped out :( back to the drawing board
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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.