EURJPY experienced a significant bullish volume that pushed the price to break the previous high. However, after a confirmation, a rejection formed and broke a small trendline. Today, the price bounced back to the previous high as a retest level, which coincides with the trendline. This presents an opportunity for us with a very tight stop loss.
Please note that this is a risky trade, so manage your size and stop loss accordingly.
Please note that this is a risky trade, so manage your size and stop loss accordingly.
Trade closed: stop reached
Note
The update is here:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.