EURJPY

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Short call after pullback.

Looking at EURJPY - we have 61% of retail traders long. COT data is long both JPY and EURO - but we would expect a longer push JPY during this time of crisis. Rough (freehand) channel drawn for own reference, could see a pullback to outer trendline before a continuation down.


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

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ملاحظة

Now nearing the pullback position - see top green trendline.

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