We have seen Two completed trend changing patterns in this pair. The last bullish move that happened on the 4HRS Chart has resulted in a downtrend; series of LH'S & LL'S. The rally that is currently going on is an opportunity to sell if price stops at the 61.8% retracement area and also fail to break above 124.44.
If we manage to get a sell out of the EURJPY, 124.44 is the ideal stop loss because this price represent the last S-STR that took price all the way to the low of 122.83.
I will update this one ....
Trade with care.
If we manage to get a sell out of the EURJPY, 124.44 is the ideal stop loss because this price represent the last S-STR that took price all the way to the low of 122.83.
I will update this one ....
Trade with care.
Trade active:
EXECUTION PHASE
1ST SELL OPENED @ 124.21
1ST SELL OPENED @ 124.21
Trade closed: stop reached
