Trade idea - EURJPY Long
Updated
4H time frame
Deceleration box received at entry zone.
Instant market execution Buy.
1.5% risk.
Aiming to take full profit at Daily TP level.
Deceleration box received at entry zone.
Instant market execution Buy.
1.5% risk.
Aiming to take full profit at Daily TP level.
Trade active
3M time frame
Possibility for Bullish M pattern to play out.
Support & resistance zone is there.
Ascending trend line holding up the price.
3M time frame
Note
Monthly time frame
Bullish engulfing candle close received after finding liquidity at the 3M zone.
Support & resistance zone is there, potentially finding support now.
Note
Weekly time frame
Bullish M pattern potentially in play from Weekly perspective.
Note
Daily time frame
Was expecting an Inverse Head & Shoulders pattern to play out.
Support & resistance zone is there.
Took a loss. On to the next.
Trade closed: stop reached
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