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We use Simple, Powerful, Effective Price Action Trading Strategies to trade forex.

EURJPY Daily Chart (14 Feb, 2017)

EURJPY Daily Chart (14 Feb, 2017)

Bearish Shooting Star formed at dynamic resistance (EMA 8). The lower high & lower low confirmed that trend is changing from up-trend to down-trend. We looking for a chance to short the pair to trade with the direction of the trend. Once the sell is trigger, we would set our target at the latest horizontal support which is around 119.55.