Trading setup for next week
Base on 1 hour trading chart, period from 1st of August to 28 August.
EURJPY would likely to continue it drops from last Friday after POWELL spoke.
and from the chart I can clearly see a hammer candlestick which is a strong sell or price rejection signal.
so I strongly believe base on technical chart, we can seek for a short position.
trading to setup on MONDAY
May sell it at the 137.100 or the near price.
Stop Loss price I will set it at 138.400 which is 130pips / 1300points
if the trend rebound i would likely to add on a sell position at 137.700 stop loss price is as same as 1st position.
1st Take Profit Price at 136.300 or around the price.
2nd take profit price i will set it at 135.300.
this is not trading advises it is only my personal idea share with everyone.
kindly share you'll opinion with me. Happy Trading.
regards, Lim.
EURJPY would likely to continue it drops from last Friday after POWELL spoke.
and from the chart I can clearly see a hammer candlestick which is a strong sell or price rejection signal.
so I strongly believe base on technical chart, we can seek for a short position.
trading to setup on MONDAY
May sell it at the 137.100 or the near price.
Stop Loss price I will set it at 138.400 which is 130pips / 1300points
if the trend rebound i would likely to add on a sell position at 137.700 stop loss price is as same as 1st position.
1st Take Profit Price at 136.300 or around the price.
2nd take profit price i will set it at 135.300.
this is not trading advises it is only my personal idea share with everyone.
kindly share you'll opinion with me. Happy Trading.
regards, Lim.
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