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.
Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
Latest posts by admin (see all)
- Money Management in Forex: More Than Just Trading - February 17, 2018
- Identifying Trends through Synchronization - February 17, 2018
- Using Multiple Trendlines to Identify Better Trades - February 15, 2018
Winner’s Edge Trading, as seen on: