EurJpy Trade Idea
Updated
I personally just took some shorts on EJ to get the week started ! EJ was in a small range before retesting a level at 165 while still being bearish on the higher time frame. Price not only flipped bearish on the higher time frame but also crashed back below a daily level of resistance. Smaller time frames gave a clean flip at the daily level of resistance with the bullish run after the pullback being over. I'm looking for a 1:3rr on this set up. If all goes well price could tap back into the low at 162.300. We'll see what happens.
Trade closed: target reached
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