Another JPY pair nearing a strong weekly resistance, near its 2014 levels. Not an ATH as it hit higher levels between 2006 and 2008, but a significant one to watch. It is likely that this week the daily timeframe will give us a clearer indication of where it's heading.
עסקה פעילה
EURJPY Price action is stalling around 147 creating selling pressure. Following the analysis shared yesterday, decided to open a small short position with a conservative TP target before first clear support level.
Used the 2H and 4H for entering the trade, but the daily is currently shaping up for a very nice bearish pin bar. If this is confirmed will add to the trade with a more ambitious take profit target too.
עסקה סגורה: הגיע לסטופ
So, closed first short position at breakeven as I usually move the stop loss to breakeven when the trade is 20+ pips in favor. I know I am giving the market short space to move but prefer it that way as it avoids surprises when I am away from the computer and get back only to see a positive position turning negative or stopping me out negative.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.