EURJPY Short - Risk/Reward 1:2.5 - mid-term
Short setup for EurJPY :
With the money flow index and RSI decreasing on the 1W weekly frame, and after a strong reversal from 7th March lows (124.4), EurJpy is expected to see a selling pressure in price levels between 132 and 133. These price levels lie between a strong 1W Finbonacci level and the trendline joining the highs from june 2021.
We look for taking short positions between 132.2 and 133.
SL = 1D close above 134.3 which signifies further bullish continuation towards 137.
TPs and proposed %s for closing the position:
TP1 = 130.5 (20%)
TP2 = 128.9 (30%)
TP3 = 128 (20%)
TP4 = 127 (20%)
TP5 = 126.5 (5%)
TP6= 125.3 (5%)
with an effective closing position around 128.3 (+400pips) this short opportunity represents a Risk/Reward ratio of 1:2.5
Good luck
samurai
With the money flow index and RSI decreasing on the 1W weekly frame, and after a strong reversal from 7th March lows (124.4), EurJpy is expected to see a selling pressure in price levels between 132 and 133. These price levels lie between a strong 1W Finbonacci level and the trendline joining the highs from june 2021.
We look for taking short positions between 132.2 and 133.
SL = 1D close above 134.3 which signifies further bullish continuation towards 137.
TPs and proposed %s for closing the position:
TP1 = 130.5 (20%)
TP2 = 128.9 (30%)
TP3 = 128 (20%)
TP4 = 127 (20%)
TP5 = 126.5 (5%)
TP6= 125.3 (5%)
with an effective closing position around 128.3 (+400pips) this short opportunity represents a Risk/Reward ratio of 1:2.5
Good luck
samurai
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.