The EurJpy is now up into a major structure zone here on the 240min TF. We have structure, fibonacci confluence and a Bear Setup on the Stochastics (which is what the red arrows are pointing to). If you are looking for a longer term hold, this has a ton of potential.
If you would like to watch me break this down, here is a link to the video.https://youtu.be/0ASEAHYBVs8
Good luck and good trading!
If you would like to watch me break this down, here is a link to the video.https://youtu.be/0ASEAHYBVs8
Good luck and good trading!
Trade active:
Just Got Short on EurJpy after the double top that was just put in. Entry is at 121.447 Stops at 121.450 - Target 1 at 118.6658 - Target 2 at 116.413
Comment:
Rolled stops to break even, because price came within 5 pips of target 1