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Euro / Japanese Yen
Long

EURJPY Long

By Anele_888
Updated
After a lengthy consolidation, EJ found some liquidity resting below the 155.511 low and created a Bullish Order Block. The channel we were in has also been broken. We looking to go long on the Reclaimed Order Block coming in at 157.614 targeting 165.342
Note
After the 159.752 area was swept, we may get an entry opportunity for those who missed the initial entry level.
Note
Price failed to trade back into our re entry level, partial profits have been secured and our stops were moved to break even. I don't recommend any entries in this area just yet.
Note
Exited my positions on EJ, break in structure on H4 TF at 162.783 is threatening the livelihood of our 165.342 target being hit. Left 10% of my initial position running.
Beyond Technical AnalysisChart Patterns
Anele_888
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