TRADE IDEA on EURJPY
Written:10/03/20 4:47PM
EURJPY
SELL
4H Timeframe
Sell Entry: 123.188
S/L: 124.200
TP1: 123.000
TP2: 122.477
TP3: 122.100
Notes/Explanation:
On the 4H timeframe it looks like this pair is starting a downwards trend, so I entered the trade for a Sell at 123.188. When the market reopens I believe the pair will break through the last Floor/Lower Low with around 2 to 3 TPs before it retracts. Then I assume it will be re enterable during its retraction and continue a downward trend.
EURJPY
SELL
4H Timeframe
Sell Entry: 123.188
S/L: 124.200
TP1: 123.000
TP2: 122.477
TP3: 122.100
Notes/Explanation:
On the 4H timeframe it looks like this pair is starting a downwards trend, so I entered the trade for a Sell at 123.188. When the market reopens I believe the pair will break through the last Floor/Lower Low with around 2 to 3 TPs before it retracts. Then I assume it will be re enterable during its retraction and continue a downward trend.
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