EURJPY SHORT TRADE SETUP
Updated
Hi Traders:
EURJPY has been on my watch list for some weeks as the daily chart is over extended, and in need of a pullback. Last Friday had a perfection rejection around 125.30 level on the daily chart. Now I am looking for a lower high or bearish flag to develop on the 1 hr chart to take it short.
Target 1: 124.15 (1%)
Target 2: 123.00 (3.3%)
Thank you for your support and feedback.
EURJPY has been on my watch list for some weeks as the daily chart is over extended, and in need of a pullback. Last Friday had a perfection rejection around 125.30 level on the daily chart. Now I am looking for a lower high or bearish flag to develop on the 1 hr chart to take it short.
Target 1: 124.15 (1%)
Target 2: 123.00 (3.3%)
Thank you for your support and feedback.
Note
Here is the daily chart:Trade closed: target reached
TP 1 Hit, 1% profit. Move SL to break even. Note
Note
2.3% profit
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