Euro / Japanese YenShort
EURJPY LONG TERM TRADE IDEA
Here is a long term trade idea i think could be really good.
EURJPY is trading in a bearish channel and price is currently retracing to the upper trendline
On the chart we can also see that price was in a triangle and broke out last year, retested and is now coming down again
Not only that, price is also forming a big gartley patten, so we have a lot of technical indicators that show bearish sentiment
By shorting at the upper trendline, we can get a very precise entry, which would give us a very good risk to reward ratio
EURJPY is trading in a bearish channel and price is currently retracing to the upper trendline
On the chart we can also see that price was in a triangle and broke out last year, retested and is now coming down again
Not only that, price is also forming a big gartley patten, so we have a lot of technical indicators that show bearish sentiment
By shorting at the upper trendline, we can get a very precise entry, which would give us a very good risk to reward ratio
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