EURJPY Short position
Updated
A bearish engulfing rejection candle formed at a daily resistance zone. That is my main price action signal. Added confluence - Price is also in between 50 and 61.8 retracement area. There is also convergence divergence present on the stochastic oscillator.
One thing to consider is that price has been trending upward on the daily so that doesn't align with this trade idea.
One thing to consider is that price has been trending upward on the daily so that doesn't align with this trade idea.
Trade closed: stop reached
Note
I made a mistake with the title. This is a USDJPY short position not a EURJPY.
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