EURJPY Short on 48 week.
1D
Sideway move
Candle closes below SR of 128.000
Buyers not so strong, probably price will move down.
4H
sideway with slight advantage of sellers market
maybe Money spot?
1H
uptrend
Testing SR Daily Level
Look like Big players wait till all become buers to hit sell.
I wait for sell signal
or it is possible to already open short
Entry 128.750
SL 129.100 above daily SR
TP 128.000
RR 2.53
it will be nice to short after exhaustion candle appeared near to money spot zone.
Sideway move
Candle closes below SR of 128.000
Buyers not so strong, probably price will move down.
4H
sideway with slight advantage of sellers market
maybe Money spot?
1H
uptrend
Testing SR Daily Level
Look like Big players wait till all become buers to hit sell.
I wait for sell signal
or it is possible to already open short
Entry 128.750
SL 129.100 above daily SR
TP 128.000
RR 2.53
it will be nice to short after exhaustion candle appeared near to money spot zone.
Trade closed: stop reached
-339 PIPS RR 2.53Seems price break down channel and since now it would more bullish
Note
We are in money spot zone.Should w8 for ending it formation.
Main trend down, small trend up
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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.