We have been tracking EURJPY since the beginning of this trading week.
Now the price has broken our CTL after rejecting a daily demand zone and 50.0 Fib ratio.
We have seen two doji candles on the daily timeframe.
Short entry is valid now, but a little exhaustion move to retest the broken CTL is expected before the price extends to the target as projected.
Thanks for reading.
Now the price has broken our CTL after rejecting a daily demand zone and 50.0 Fib ratio.
We have seen two doji candles on the daily timeframe.
Short entry is valid now, but a little exhaustion move to retest the broken CTL is expected before the price extends to the target as projected.
Thanks for reading.
Trade closed manually:
This trade has been closed manually for 1:1.4 RR due to the rejection of key technicals level. Check my latest post for details reasons.
