EURJPY Sell With The Trend Line Breakout

EURJPY sell with the break could be a good opportunity to squeeze some pips from the market before NFP. Pair created convergence on the H4 chart and once the correction is over, i believe we will see further moves down. My idea to join the bears is with the break of the H1 trend line as explained in the image below.

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Contents hide

1 EURJPY Technical Analysis:
2 SELL ENTRY:

EURJPY Technical Analysis:

H4 – bearish convergence

H1 – trend line

SELL ENTRY:

Look to sell the break of the trend line on the H1 chart. Aiming last low as first target around 127.70. Close second part once opposite divergence occurs on the H1 chart.

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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.