EURJPY SELL
Updated
Hello Traders ,
We are shorting EURJPY now since price is going downwards after retest of my trendlines , in both DAILY & 4HR chart its in downtrend , bollinger bands are facing down and price is below 50SMA ,
All Ideas we post are based solely on Technical analysis , therefore always consider timing of fundamentals news and its probable effect on trades before following our trade ideas.
Please follow me to get updated trades during the week.
We are shorting EURJPY now since price is going downwards after retest of my trendlines , in both DAILY & 4HR chart its in downtrend , bollinger bands are facing down and price is below 50SMA ,
All Ideas we post are based solely on Technical analysis , therefore always consider timing of fundamentals news and its probable effect on trades before following our trade ideas.
Please follow me to get updated trades during the week.
Note
Price has crossed our descending trendline , for time being our trade setup has been invalidated , currently we can do 2 things now :1. Close the trade at current levels
2. Or let it run since stop loss is not far away and at good resistance level and wait for price to return and retest our trendline before continuing upwards , in order to close trade in little loss or maybe breakeven /profit
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