Swing: Sell Opportunity on EUR/JPY

We have identified a potential short set-up on the EUR/JPY. The prior support turned resistance area have so far proven to be a tough nut to crack. The recent 'stop hunt' move on 3th Jan 2019 should have potentially stopped out all buyers into the market with price rejected at 124.70 zone. This level should invite more sellers coming into the market. The 50D and 200D EMA as pointing down which also suggest the bearish trend of this pair.

EP: 124.80
SL: 126.33
TP: 122.55

Good luck in your trading journey!

Best Regards,
Nour Capital - Tracking Smart Money Flow

Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

交易進行

EP has been triggered.