EURJPY - TRADE SET UP - 30M CHART

Hey Traders, EJ has come down from highs of 159.65(currently 157.60). I'm monitoring price action between a boxed area high of 1.5800 and low of 157.30 with a plan to trade this at the extremes. Below 157.30 there is liquidity with support/demand being at 157.05/156.88.

Trade closed: target reached:

Hey Traders, price for this pair was in the middle of the boxed area when approaching 06:30 and based on the price action i took a BUY at 06:45(157.71) with a 20 pip stop loss. The target was the first supply area above at 157.50 but price stalled at 157.20 and started to consolidate. I closed out at 157.04. Price retested the breakout area(157.90) and bounced from there. Bullish outlook. Waiting for London 06:00.

Comment:

Traders, have a look. Price boxed in. Testing the high again? Trade accordingly.
DIONNG

Comment:

Hey traders, ASIA bounce at 157.00. Resistance at 158.50. Monitoring price action heading into 06:00/07:00 London.
DIONNG