Short

EURJPY H4 SHORT PRICE ACTION FORECAST

Price is currently testing the 200MA and fighting to break it while acting a resistance level from the weekly realm. The pair's strong bullish bias remains intact, but we could expect a healthy correction to gain additional force to continue its uptrend movement.

Now, dipping into H4, confirmation needs to happen before placing a short entry. Price should break the ascending trendline and retest it to have a valid sell order.

The order:
Type: sell-stop
S/L: 70 pips - R:R | 1:2.3 -
T/P: previous resistance level

--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***

OGFXTRADER

FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸

INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader

Also on:

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.

OGFXTRADER

Also on: