EURJPY: Trend following made easy
I'd like to share a trade opportunity in this pair. You can see how the moving average on chart shows when it's a good chance to short this pair, looking to rejoin the dominant downtrend in place.
We can now enter at market, (if not already in...I'm short from 116.191, and added at 115.164).
The price has hit a strong level, which coincides with the mid point of the Brexit induced decline, as well as a recent daily downtrend's resistance, so I expect this pair to roll over, and proceed to accelerate to the downside soon.
Good luck if taking this trade,
Ivan Labrie.
We can now enter at market, (if not already in...I'm short from 116.191, and added at 115.164).
The price has hit a strong level, which coincides with the mid point of the Brexit induced decline, as well as a recent daily downtrend's resistance, so I expect this pair to roll over, and proceed to accelerate to the downside soon.
Good luck if taking this trade,
Ivan Labrie.
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ivanlabrie.substack.com/
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