LParnell

EURJPY Trading Journal Analysis / Trade Idea

Long
OANDA:EURJPY   Euro / Japanese Yen
EURJPY Trading Journal Analysis / Trade Idea

Checking this pair out. Price is about to top its all time recorded high back from 2008. Im so curious if it will reach the buy stop liquidity and continue the bull trend after fours years of a consistent pattern.
Either way today its energetically gravitating towards that key level. Amazing delivery today and yesterday.

Trade Idea

Price reacted to the Red Folder News taking out the sell stops from the energetic impulse from late Thursday 23:20 candle in London creating the low at 4 am. Quickly reversing to consolidate until 7:15 reaction taking out sell stops.

With recent sell side liquidity taken it seemed likely price would gravitate to key buy side liquidity.

Watching the set up form at 10am with the classic 4 candle bullish order block that created a FVG. Price almost dipped to the low created but just shy. Waiting until 11:15 candle to enter trade at the.79 to ride it up my noted exit. Beautiful delivery. I anticipate that next week price will take the key level buys stops.
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