Jaxpx
Long

Possible EURJPY BUY at 121.765 area

OANDA:EURJPY   Euro / Japanese Yen
65 views
5
sell pressure to the downside has decreased, wait until double top at support of 121.765 has presented itself, buy on candle close on support.
Trade closed: target reached: TP HIT- 28 pips secured!
Comment: (For my journal) Price has a tendency of extending itself past a zone before reversing the other way, I this happen a lot.

In future only place a trade after the candle has finished i.e on the hourly close of a zone or wait until price moves in the direction of the trend I'm placing a trade in and wait for the first pullback that forms on a lower timeframe.

Furthermore, a bullish divergence can also be established as price action contrasts to the movement of the indicator.

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