Pair: EUR/JPY
Timeframe: 1H
Entry: Sell only below 166.680
Stop Loss: 167.230
Take Profit Targets: 165.500
Risk/Reward Ratio: ~2.2
This short trade setup on EUR/JPY (1H timeframe) is based on a potential breakdown of the ascending trendline that has been supporting recent bullish momentum. Price action shows signs of exhaustion near the 167.20 resistance area, with bearish divergence on the RSI and weakening MACD momentum. To maintain discipline and avoid premature entries, the trade will only be triggered if a new candle opens below 166.680, confirming a valid break of structure. The position will be protected with a stop loss at 167.230, above the recent high, while the take profit target is set at 165.500, offering a clean move back to previous support levels. This setup maintains a favorable risk/reward ratio of approximately 2.2, making it suitable for short-term swing traders seeking high-probability confirmation-based entries.
Timeframe: 1H
Entry: Sell only below 166.680
Stop Loss: 167.230
Take Profit Targets: 165.500
Risk/Reward Ratio: ~2.2
This short trade setup on EUR/JPY (1H timeframe) is based on a potential breakdown of the ascending trendline that has been supporting recent bullish momentum. Price action shows signs of exhaustion near the 167.20 resistance area, with bearish divergence on the RSI and weakening MACD momentum. To maintain discipline and avoid premature entries, the trade will only be triggered if a new candle opens below 166.680, confirming a valid break of structure. The position will be protected with a stop loss at 167.230, above the recent high, while the take profit target is set at 165.500, offering a clean move back to previous support levels. This setup maintains a favorable risk/reward ratio of approximately 2.2, making it suitable for short-term swing traders seeking high-probability confirmation-based entries.
GODO Capital Markets
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
GODO Capital Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.