EURJPY experienced a significant rejection at a major price level and retraced back to its previous consolidation zone. There is a risky 0.5% trade entry opportunity currently available, and if the consolidation zone is broken, a potential golden 1% risk entry could be formed.
Note
Finding the spot for the 2nd trade, wait for its retracement:Trade closed: target reached
I missed the 2nd trade entry, however the first trade hit to target, I will keep holding it for now.Trade closed manually
Closed the full trade :).Note
The reason we closed as that the rejection pattern has formed:Note
The price retraced back to the sell zone, we can seek the entry next week, stay tuned:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.