I have find a great short setup on EURJPY and I think it is a great opportunity to go short.
On the hourly time frame there is a green trendline that connects swing lows in a good manner.
That trendline is broken now and there is a great pull back around that broken trendline and also 200sma in the hourly chart.
You can zoom in to the H1 chart(second image above) , so that you can see 200sma in yellow and the trendline I've mentioned before.
Short Setup: We'll wait for a nice bearish candle in H1 to close below 200sma and trendline so I'll go short.
Note that if the price breaks the 200sma and goes beyond it then this setup will not be valid.
Have a nice Saturday.
No comments:
Post a Comment