JPY is very strong across the board and the EUR is currently very weak making this trade a high probability trade
No Major news events next week so it will purely be price action , we may see the EUR recover early monday tuesday making this entry fairly risky.
i had planned to enter this trade on Tuesday however got triggered in Via pending order.
possibility that price may retrace to 130.500 before making the major drop. i will look for a second entry around that area if the opportunity is provided.
price may struggle at 127 and 125 but if levels are broken and we get a retest and rejection we will ad more entries with small stop losses.
No Major news events next week so it will purely be price action , we may see the EUR recover early monday tuesday making this entry fairly risky.
i had planned to enter this trade on Tuesday however got triggered in Via pending order.
possibility that price may retrace to 130.500 before making the major drop. i will look for a second entry around that area if the opportunity is provided.
price may struggle at 127 and 125 but if levels are broken and we get a retest and rejection we will ad more entries with small stop losses.