EURJPY Sell Idea

On the H1 chart there was a triangle pattern that was broken to the downside. I expect the price to continue lower so I will be looking to join this bearish move. Here is an idea for a sell:

Technical Analysis:

H1 – triangle

M15 – trend line and hidden bearish divergence

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Entry:

Look for bearish candle pattern now that the price is near the resistance zone and the down trend line.

Targets: Aim at least last support zone as first target and leave the other part of the trade running.

Yours,

Vladimir

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.