EURJPY is in bullish trend on weekly and daily. Based on H4, instead of forming a higher low, price form a low at the same level with previous higher low. This could be a sign that market will make a correction to complete it’s structure on higher timeframe before continue its rally. Therefore, we are going for short until the structure is complete.
Risk : Reward = 1 : 3
Risk : Reward = 1 : 3
Trade closed: target reached:
EURJPY hit take profit 66pips.