EUR/JPY Short
After a long time, I am placing a short trade on EUR/JPY. This is a short position where I’m risking about 5% of my account size on this setup.
The key level I’ve been watching for quite some time is the supply-demand zone at **166.79**, which has been consistently pushing the market towards a sell.
Now, there are two possible scenarios:
1. The market could experience a significant downturn, dropping sharply.
2. Alternatively, the market might enter a sideways zone.
If the market moves sideways, I anticipate it could range between **166.79** and **153.94**. Either way, whether the market sees a sharp decline or consolidates sideways, this setup is designed to remain profitable.
Thank you, everyone! That’s my take on this pair and setup for now.
**Date:** 21/11/2024
The key level I’ve been watching for quite some time is the supply-demand zone at **166.79**, which has been consistently pushing the market towards a sell.
Now, there are two possible scenarios:
1. The market could experience a significant downturn, dropping sharply.
2. Alternatively, the market might enter a sideways zone.
If the market moves sideways, I anticipate it could range between **166.79** and **153.94**. Either way, whether the market sees a sharp decline or consolidates sideways, this setup is designed to remain profitable.
Thank you, everyone! That’s my take on this pair and setup for now.
**Date:** 21/11/2024
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.