Hello everyone. I want share my idea about EURJPY pair.
Couple weeks ago we this pair was in 2008 strong weekly sell zone after strong price up movement. from here we got 2 rejection at high timeframe, when it touch second time it made some liquidity and came strong down. i am not saying EURJPY will change trend but i think we will have some price correction here which is good for day traders for catch some movement.
Second reason i think this pair is short JPY index after big rally downside it stopped and i think it time for start correction.
Here is my signal setup.
Open position - 158.240
Stop loss - 158.600
Take profit - 157.000
At my profile you can see my another signals and ideas.
Good luck everyone! Manage your risk!
Couple weeks ago we this pair was in 2008 strong weekly sell zone after strong price up movement. from here we got 2 rejection at high timeframe, when it touch second time it made some liquidity and came strong down. i am not saying EURJPY will change trend but i think we will have some price correction here which is good for day traders for catch some movement.
Second reason i think this pair is short JPY index after big rally downside it stopped and i think it time for start correction.
Here is my signal setup.
Open position - 158.240
Stop loss - 158.600
Take profit - 157.000
At my profile you can see my another signals and ideas.
Good luck everyone! Manage your risk!