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Euro / Japanese Yen
Short

EUR/JPY: Nice selling opportunity!

By SwissPips
Updated
Hey guys,

New idea!

Please check it out and comment/like if you appreciate it.

Best,

Jesse

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1H VIEW

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I think the trend line is pretty clean and defined for once!
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I will from now on put the TRADING PLAN directly on my ideas/screenshots it will be easier for everybody.

The trading plan for the pair: wait for the price to break previous low (131.400) and short it to 130.90 which is basically the next support level.

Trade with care.

Best,
Jesse
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It is important to wait a break of former support before shorting it
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The pair bounced from the former support zone. No trade yet, the pattern is forming.
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Looks like we could have a nice H&S pattern in play. Currently testing the neckline

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Trade active
Trade was activated at 131.400
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Trade closed: target reached
BOOOM I hope you guys made some nice pips on this one
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Initial target of 130.900 could have given you 50 pips for this trade. Do you guys like this style of interactions ? With the trading plan?
Bearish PatternsChart PatternsEUREURJPYForexｆｘjpySELLshorttrendTrend Analysis

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