Trading setup for next week

2022年8月28日

Base on 1 hour trading chart, period from 1st of August to 28 August.
EURJPY would likely to continue it drops from last Friday after POWELL spoke.
and from the chart I can clearly see a hammer candlestick which is a strong sell or price rejection signal.
so I strongly believe base on technical chart, we can seek for a short position.

trading to setup on MONDAY

May sell it at the 137.100 or the near price.
Stop Loss price I will set it at 138.400 which is 130pips / 1300points
if the trend rebound i would likely to add on a sell position at 137.700 stop loss price is as same as 1st position.

1st Take Profit Price at 136.300 or around the price.
2nd take profit price i will set it at 135.300.

this is not trading advises it is only my personal idea share with everyone.
kindly share you'll opinion with me. Happy Trading.
regards, Lim.