onlineepr
Long

EURJPY - 3/3 Moves In This Week

FX:EURJPY   Euro / Japanese Yen
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I waited for price to reach the institutional level, and to observe what happens next.
27th - Price fell lower than the IL, so i waited to see if price would reverse back upwards or retest the IL.

1st Move: Price formed a doji candle on the 1H, indicating a strong reversal upwards so i entered with my SL jus underneath the previous bearish candle.

I then wanted to see if price would break the equal high on the 3rd touch of the purple box.

2nd Move: on 28th around 7:25am, i saw that price on the 5m chart, failed to break the equal high and bearish candles were starting to form, after a strong bullish momentum.

3rd Move: I caught another move. Whilst being in the trade I noticed price was failing to push lower than the 118.50 and decided that if price reversed up to 118.75 area, the trend would have been clearly bullish , and decided to enter into a BUY. I set my remaining open sell positions stop profits at 118.75, and i also entered a buy at 118.75.

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