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UnknownUnicorn772665

EURJPY Short Trade *TRENDLINE BROKEN, FIBONACCI & RESISTANCE*

Singkat
Euro / Yen Jepun (FX:EURJPY)  
UnknownUnicorn772665 Telah dikemas kini   
FX:EURJPY   Euro / Yen Jepun
Trend Analysis Chart Patterns Wave Analysis EUR jpy EURJPY eurjpyshort Fibonacci Retracement shorttrade USD
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trendanalysis chartpattern waveanalysis eur jpy eurjpy eurjpyshort fibonacciretracement shorttrade usd
I am now shorting the EURJPY FX currency pair based on the 4hr and 1hr timeframe analysis. Confluences for taking this trade are as follows:

- 4hr lower high
- Multiple rejections of 0.618 Fibonacci Retracement level
- 1hr bullish trendline broken with lower high
- Daily timeframe showing tweezer top formation

I have placed a conservative stop loss which is 50 pips.

- Profit Target 1 is the 125.00 resistance zone which lines up with the daily trendline (outer structure).
- Profit Target 2 will be a lower low at the 4hr Fib 27% extension.
Dagangan aktif:
Entered on the 4hr bearish engulfing candle which closed below the fib 0.618 level
Komen:
Nice 4hr bearish pin bar candle... more downside to follow
Penafian

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