EURJPY Short Play Idea
Since we have yet to break out of our very big range (see Monthly chart and draw lines of resistance/support), I figured it would be a good idea to take a short position into recent strong bullish momentum.
Sure, it sounds counter-intuitive, but then again, take a small position since it is counter-intuitive and against the smaller uptrend. R:R as displayed, is also sound. Target is just around recent resistance-now-support. If trade goes lower, you may want to keep some on and trail the rest after initial target...who knows its potential?
However, if it breaks above the ranging line, in the event that it does, let it run and wait for a correction of some sort to play the long to new highs.
Sure, it sounds counter-intuitive, but then again, take a small position since it is counter-intuitive and against the smaller uptrend. R:R as displayed, is also sound. Target is just around recent resistance-now-support. If trade goes lower, you may want to keep some on and trail the rest after initial target...who knows its potential?
However, if it breaks above the ranging line, in the event that it does, let it run and wait for a correction of some sort to play the long to new highs.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。