Euro / Japanese YenShort
EUR/JPY-SELL STOP ENTRY 141.200 - Risk Ratio 2.1
LIVE TRADE SIGNAL:
SELL STOP: 141.200
RISK RATIO: 2.1
HOLD PERIOD: 4HRS - 3DAYS
TRADE TYPE: DAY
........................................................................................................................................
Technical Analysis detailed from Chart price action, overlays and indicators.
*leave comments or message me about how I can improve information I provide. Safe trading.
CHART: Price formed a respectable downtrend ( consistent lower high and lows ) Previous breakout of support level and during the price retest around 141.600 (previous support/new resistance) price crossed above immediate downtrend line.
MOVING AVERAGES : Both short and long term meets ( indecision ), price above moving averages but closing gap.
VOLUME: More selling than buying volume in the most recent days.
Stoch RSI: Sloped downward, short crossed below mid level, long is at mid level. There is a nice amount of room for price to fall to/slightly below trend line and slightly above support level.
VI: Bullish; moving averages indicates price is deciding which way price should go ( indecision; confirming trading range and supports range levels to eye for breakouts )
SENTIMENT: S/T short, seeing price reach just below trend line or current support level )
Entry: Sell limit 141.200
Risk Ratio: 2:1
SELL STOP: 141.200
RISK RATIO: 2.1
HOLD PERIOD: 4HRS - 3DAYS
TRADE TYPE: DAY
........................................................................................................................................
Technical Analysis detailed from Chart price action, overlays and indicators.
*leave comments or message me about how I can improve information I provide. Safe trading.
CHART: Price formed a respectable downtrend ( consistent lower high and lows ) Previous breakout of support level and during the price retest around 141.600 (previous support/new resistance) price crossed above immediate downtrend line.
MOVING AVERAGES : Both short and long term meets ( indecision ), price above moving averages but closing gap.
VOLUME: More selling than buying volume in the most recent days.
Stoch RSI: Sloped downward, short crossed below mid level, long is at mid level. There is a nice amount of room for price to fall to/slightly below trend line and slightly above support level.
VI: Bullish; moving averages indicates price is deciding which way price should go ( indecision; confirming trading range and supports range levels to eye for breakouts )
SENTIMENT: S/T short, seeing price reach just below trend line or current support level )
Entry: Sell limit 141.200
Risk Ratio: 2:1
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.