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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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.