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EURJPY 60 Minute Chart Analysis
Hello traders good to be back on a Monday for another exciting week of forex. As you can seer this is the EURJPY 60 minute chart and I picked this as it was not a dollar pair and wanted something different. This trade is for EURO or NY sessions. Very simple trade plan as we are seeing that this is in a bearish trend and we are watching the pullback. So what I did was placed an inverted Fibonacci tool on the chart and want price to come to a price level where I can consider an entry as marked on the chart with the Entry Zone rectangle. We are approaching resistance with the 50 ema and the daily pivot point. This is being posted just at the London open so I am looking foe a beariush candle for a sell entry.I have placed the take profit just above the 161.8 and the Stop at R2. Talk Soon Traders…….. William
Source: http://www.fxinstructor.com/blog/eurjpy-60-minute-chart-analysis-2
