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ForexFloorTrader

SHORT EURJPY DAILY CHART - What I Am Looking To Trade - Part 3

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Euro / Iene Japonês (FOREXCOM:EURJPY)  
ForexFloorTrader Atualizado   
FOREXCOM:EURJPY   Euro / Iene Japonês
Candlestick Analysis Moving Averages
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candlestick movingaverage
EURJPY has formed a bearish rejection candle bouncing off 10 period EMA and has closed below the low of the previous doji candle this is called a "Doji Close" reversal candle pattern. The Doji Close pattern is an indication that price is now ready to move lower.

I have set my Stop Loss at 5 pips above the high of the rejection candle
I have entered a Short trade
I have set my Take Profit for a 3:1 RR
Comentário:
Price is now close to hitting my Take Profit for a nice 3:1 reward to risk ratio.
Comentário:
Click on Load New Bars to see the chart update price action.
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