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

20 янв. 2020 г.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

23 янв. 2020 г.

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Price is now close to hitting my Take Profit for a nice 3:1 reward to risk ratio.

23 янв. 2020 г.

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Click on Load New Bars to see the chart update price action.