Do you remember that last week I've mentioned in my previous post titled, "EURJPY - Trendline" that the Bearish Shark won't form up and you can look for a shorting opportunity on the Trendline for a shorting opportunity, that opportunity alone brings you a 285pips(more than 2,850USD/lot) of net profit, and this is a spin-out trading idea from the Weekly Chart's Bearish Shark Pattern. Imagine how much you would earn if you have engaged in the trade base on the Weekly Chart?
I'm not all keen on a counter-trend trade on this trading setup but if you must, a break and close above the trendline is needed before considering a buying opportunity.
I will wait to short this trade at 132.67-132.88(red box) for a trend trading opportunity.
I'm not all keen on a counter-trend trade on this trading setup but if you must, a break and close above the trendline is needed before considering a buying opportunity.
I will wait to short this trade at 132.67-132.88(red box) for a trend trading opportunity.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.