DislikedAfter doing a lot of analysis:
eur/jpy is going down but 124 is on my chart
then it will go to 118.60 @ least
so i will use my favorite startegy: Hedging
tp for buy order will be 124
tp for sell orders will be 118.70
reason to hit 124: break of down trend on 4hr
reason to go down: main trend is down
and 124 is strong resistance and i think it will hold
if it is broken, we go to 125.50 then bear continue to 118.70
break of 125.50 will change the trend and i will lose my money!
but i don't think at all that this will happen as not some news can change...Ignored
strongly possible retest to 121.90 then go to 124 then some little correction down then go to 125.50 then BIG DROP to 114
if 125.50 was broken and this seem impossible to me, we go to 130
this is my trade for this week in addition to long GBP/USD with tp 1.5350
happy earnings
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