Greetings Forexia Family, lets analyze EURJPY.
As we can see that the pair has overall downtrend, and the price has formed fake uptrend. Additionally, price has broke the resistance and retested by trapping buyers into the market. I believe the price has more potentials to drop 80-90pips.
USE YOUR OWN ENTRY METHOD IF YOU WISH TO ENTER THE TRADE
Risk and money management tips
- USE STOPLOSS
- RISK 1% or 2% PER TRADE NO MORE
PLEASE USE THIS ANALYSIS AS A GUIDE TOOL FOR YOUR TRADING AND USE PROPER MONEY MANAGEMENT IN YOUR TRADING