Get started
Euro / Japanese Yen
Short

EURJPY 20TH MAY 2020

By brianmutuku
Updated
Bearish bias on EURJPY. This follows a double top formation on the 4hr tf where price rejected the supply zone around 188.18 region. Will be looking for bearish market structure on the 1 HR TF before taking my sells.
Trade active
We are just a few minutes away from market open and I notice price reject a demand zone as demonstrated by a bullish engulfing candle. I thus took buys at a retest level 118.00 with a 10 pip SL as well as a 15 pip TP
Trade closed: target reached
Scalp target achieved
Trend Analysis
brianmutuku

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.