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Eurjpyidea

EURJPY ShortHello guys. This price has been forming a rising channel/flag, which might be a strong indication that there might be a strong bearish momentum (1D).The price has retested the upper trend line, and if it fails to break it, then a bearish momentum is inevitable. Foe my long term strategy, I anticipate that the price will be bearish. For the upcoming analysis of the price, I will discuss in-depth on how I will enter my trade, my targets and stop loss using a shorter time frame. Remember, only risk 1-2% of your account.
Short
by Vapari_Inc
EURJPY ShortThis pair, which had a fast bearish momentum back in 22nd September, needed to fill the gap / neutralize the long wicks which were formed at that point. The price is now at a major support zone (the zone where the breakout initiated) and offered some resistance. I anticipate that the price might not break out of the pivot point as it acted as a zone where the big players need to activate the sell orders which were not initiated. My entry point is @142 and My stop loss @baspui1436 My target is at the next major market zone, @138.0 My Take Profit point are 141.0, 140.0, 139.0, and 138.0 My R:R IS 1: 4 Remember, risk only 1 - 2 % of your account.
Short
by Vapari_Inc
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