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Euro / Japanese Yen

EURJPY Price projection

By CPx_Market
Updated

EURJPY created a nice bearish trend on thursday/friday off the high of the resistance zone without trapping liquidity above the zone..... I think the break out of the bullish trend zone is a nice pullback from the bullish trend. S/M bearish continuation would give a perfect entry for a buy on Tuesday which continue till it breaks out of the weekly resistance zone.
Trade active
EURJPY didn't give me a second leg, so I entered anyways
Trade closed: target reached
Closed with 100pips profit
Trade active
Now let the reversal begin
Trend Analysis
CPx_Market

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