Hi traders, another setup on my radar is EURJPY.
Last Friday, it broke down below a bear flag.
My bias has turned bearish for now.
Next I will look for a retest of a strong SNR zone to short.
I identified that zone at 121.90 which is a previous SNR zone and a potential HNS shoulder level.
I will be entering this setup on a pending order as it is a with the trend setup.
These are my levels.
EP: 121.90
SL: 122.70 (80)
TP1: 120.50 (140)
TP2: 120.00 (190)
Good luck and good trading all!
Last Friday, it broke down below a bear flag.
My bias has turned bearish for now.
Next I will look for a retest of a strong SNR zone to short.
I identified that zone at 121.90 which is a previous SNR zone and a potential HNS shoulder level.
I will be entering this setup on a pending order as it is a with the trend setup.
These are my levels.
EP: 121.90
SL: 122.70 (80)
TP1: 120.50 (140)
TP2: 120.00 (190)
Good luck and good trading all!
Order cancelled
Price gapped down on Monday, did not get to execute my short setup. On to the next trade.
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Related publications
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.