EURJPY
Entry Resistance level idea:
127.1000 Resistance
TP Support level idea:
Target 1: 125.75000
Target 2: 124.65000
Final SL for all Short positions:
127.9000 Resistance Level
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EURJPY Trading Comment
EURJPY currently focusing on the price action double top to see if it can be resisted over at 127.100 resistance level.
If a double top forms, it is expected to see a bearish trend to fall roughly 200 pips down. However, trading must always be aware of the worst scenario. Therefore, 127.900 resistance level, if it fully breaks. All short position trades will be terminated.
Hint:
Always remember to control the lot size, and not over trade in a short-range in pips.
#forex #EURJPY #tradingideas #trading #investment #economics #finance #stocks #rvta #rogervtradingacademy #rogervtradingideas
(This was first shared on 5 Feb 2021 in another group, just got time to have it post on trading view as well, hope you all enjoy.)
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
--------------------
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Entry Resistance level idea:
127.1000 Resistance
TP Support level idea:
Target 1: 125.75000
Target 2: 124.65000
Final SL for all Short positions:
127.9000 Resistance Level
--------------------------------------------
EURJPY Trading Comment
EURJPY currently focusing on the price action double top to see if it can be resisted over at 127.100 resistance level.
If a double top forms, it is expected to see a bearish trend to fall roughly 200 pips down. However, trading must always be aware of the worst scenario. Therefore, 127.900 resistance level, if it fully breaks. All short position trades will be terminated.
Hint:
Always remember to control the lot size, and not over trade in a short-range in pips.
#forex #EURJPY #tradingideas #trading #investment #economics #finance #stocks #rvta #rogervtradingacademy #rogervtradingideas
(This was first shared on 5 Feb 2021 in another group, just got time to have it post on trading view as well, hope you all enjoy.)
--------------------
(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
--------------------
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.