EURJPY More Downside

We are short EURJPY from 129.22, a key trendline supporting price was broken to the downside. Another significant price 129.35 is left behind and the only option here is to follow the sellers.
We will target 128.32 for the short term.
A trade above 129.55 will close us out.
Entry Short: 129.22
Stop Loss: 129.55 + Spread
Target: 128.32

Handel aktiv

Kommentera:

Sellers are fully driving the price down.
We remain short in this position london Open we expect some ups and down but eventually we should see our target hit soon.

Kommentera:

Like I said in the last update. fully into the London session price encountered some Strong buyers. Price action still favour the downside.

We remain short only above 129.22 we will close our short.
Curently we have broken even on this trade no risk.
Current Pips: + 58 pips

Trade stängt: målet nått:

Target Hit. Another in the bag.
Trade entry: 129.22
Target: 128.32
Total pips: +90