EURJPY going short
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Looking onto the Daily charts it is reasonable to identify the funnel (within the triangle). Seems that it has already performed as expected since the price broke the structure (see price range measurements).
By indications on RSI as well as additional structure trendlines and support/resistance levels make me think that price will move South.
Asking price 122.100 (-ish or higher)
Stop Loss 124.700
Take Profit 116.000 (-ish)
Make sure that you adjust your TP & SL limits to your trading style, The ones provided above are mostly for reference.
Please let me know what you think about this.
Telson
By indications on RSI as well as additional structure trendlines and support/resistance levels make me think that price will move South.
Asking price 122.100 (-ish or higher)
Stop Loss 124.700
Take Profit 116.000 (-ish)
Make sure that you adjust your TP & SL limits to your trading style, The ones provided above are mostly for reference.
Please let me know what you think about this.
Telson
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