Home » Forex Trades » Sell EUR/YEN @ 142.60

Sell EUR/YEN @ 142.60

Pivot: 145.00

Our preference: Sell EUR/YEN at 142.6 with targets @ 140.50 & 138.25 in extension.

Stop Loss: A 4 hours close above 143.50

Conviction: The pair completed the Head and Shoulder Pattern on the 4 Hours Chart. Fundamental news are pressing against the Euro. CCI is in the overbought zone on the 4 hour chart while RSI is turning down on the daily chart

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
141.80 141.30 140.5 142.80 143.30 143.50

 

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About Razi Hammoudeh

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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