Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
EURJPY is going to break the trendline in H4 chart:
If this H4 candle closes below this trendline this would be an indication of more fall in this pair.
But there is 109.00 support level in the way:
So I’m looking to short this pair below 109.00 and the trendline and I look for 106.00 level for my profit target.
After break of 109.00 level then look for a retrace back to the trendline and that point would be good to go short with tighter stop loss.
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