EURJPY(1h) Short setup, continuing our decent.

Continuing bearish outlook as a follow up on last weeks successful entry (uk.tradingview.com/c...-Bearish-suggestion/)

Basing this on price action struggling to close above 121.350 - 0.382 fib of X-A

IF we break out above, we will possibly find another opportunity to get short around 121.800 - 122.0 area.

Final target - 120.000

Komen:

First target hit - 50+ pips banked.

Rolling stop loss to break even for the remaining position!

Dagangan ditutup: hentian tercapai:

Second position stopped out at break even, leaving us with the previous 50 pips in profit.

Will look for another entry, possibly 121.600-700 area

Komen:

121.700 hit, new short opportunity -> See recently posted chart